markets · · businesswire.com
August Breaks UK Credit Card Record as Balances Soar
LONDON--(BUSINESS WIRE)--According to data analysis from global analytics software leader FICO (NYSE: FICO), average active UK credit card balances exceeded £2,000 in August for the first time since records began, following three consecutive months of increases. Contributing to higher balances, payment rates dropped after a brief recovery in July, and remain lower than the same time last year. This trend, coupled with an annual increase in all levels of missed payments, highlights the importanc.
LONDON--(BUSINESS WIRE)--According to data analysis from global analytics software leader FICO (NYSE: FICO), average active UK credit card balances exceeded £2,000 in August for the first time since records began, following three consecutive months of increases. Contributing to higher balances, payment rates dropped after a brief recovery in July, and remain lower than the same time last year. This trend, coupled with an annual increase in all levels of missed payments, highlights the importanc.
- #FICO