Britain’s personal debt pile shrank in March as people shun credit cards amid coronavirus crisis

Households paid back a whopping £3.8billion more debt than they borrowed in March 2020, the biggest figure on record, as households shunned credit cards in the face of the coronavirus crisis.Britain’s credit card debt pile shrank £2.4billion in a month to £69.3billion, only the second time since July 2013 the amount Britons have outstanding on plastic has fallen, according to the Bank of England figures.

Source: This Is Money
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