Consumer reliance on credit cards has accelerated sharply in the lead up to Christmas, with outstanding card debt reaching nearly £78 billion in November. The Bank of England’s data revealed
Consumer reliance on credit cards has accelerated sharply in the lead up to Christmas, with outstanding card debt reaching nearly £78 billion in November. The Bank of England’s data revealed
American credit card defaults have skyrocketed to their most elevated position since the aftermath of the 2008 global financial crisis, signalling a deterioration in the financial wellbeing of lower-income consumers






