Credit card debt soars to £72.9bn as ultra-low rates drive a decade-long borrowing binge by families
Industry News | 02/07/19
Credit card debt has surged to a record following a decade-long borrowing binge by families. Britons owe a total of £72.9billion on their cards, according to figures from the Bank of England. Overall consumer debt – cards, overdrafts, personal loans and car finance but not mortgages – stands at an all-time high of £217.3 billion.
Source: This is Money
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