Consumers Borrow ?100 Million per Day for Cars
Consumers are borrowing over ?100 million per day to finance new cars according to the latest figures from the Finance and Leasing Association (FLA).
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British Consumers Spending Big on Holidays
As the holiday season arrives, British consumers have been found to spend up to a quarter of their disposable income on holidays throughout the year…
Deadline for New Credit Card Rules
The Financial Conduct Authority (FCA) has announced a deadline for credit card companies to implement new rules designed to assist consumers with long term credit…
Tesco Apologises for Card Payment Delay
Britain’s largest grocer Tesco has had to apologise to customers after hundreds of debit and credit card payments made in Tesco Express convenience shops took…
Consumer Spending Drops in January
Consumer spending dropped in January on a year-to-year basis for the first time since 2013. According to the latest data from Visa, whose debit and…
18-25 Year Old Consumers Borrowing More
Almost a third of consumers aged 18-25 have borrowed more than ?1,000 over the last year according to a new report from Equiniti. In compiling…
Over-55 Credit Card Debt Rising
The amount of credit card debt held by the over-55s continues to rise, with an increase of 9 per cent over the last year to…
Consumers Struggling to Meet Household Bills
Following the news last week that one in six UK consumers are over-indebted, the latest statistical research released from StepChange Debt Charity has shown that…
UK Consumer Spending Falls Again
Consumer spending in the UK fell for the third month in a row in July, marking the longest continuous fall for over four years. The…
Banks Ordered to Reveal Lending Policies
The Bank of England has ordered high street banks and lenders to supply details of their lending policies to ensure that lending is being carried…