2006, Credit Card Payments and Debt Collections

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2006

Credit Card Payments

Debt Collections

UK Card Spend Reaches Highest Level Since at Least 2006

FICO Blog

FEBRUARY 22, 2023

But this year’s rise seems to also have been driven by inflation, pushing the amount of average credit card spend in the UK to the highest level since our UK Risk Benchmarking records began in 2006. This rise occurred in a month when UK retail sales volumes were widely reported as being down relative to past years.

Credit Card Payments

Credit Card Payments Credit and Collections Debt Collections

UK Cards Data: Increase in Cardholders Missing Two Payments

FICO Blog

MARCH 23, 2023

In a similar vein, the FICO data shows that many of those consumers missing one credit card payment in December continued to struggle with their debts in the new year, with a marked increased in two missed payments. However, the balance for two missed payments dropped, potentially reflecting curtailed spending.

Credit and Collections

Credit and Collections Credit Card Payments Debt Collections

Credit Management Source

UK Card Spend Reaches Highest Level Since at Least 2006

UK Cards Data: Increase in Cardholders Missing Two Payments

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