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