All the updated news related to credit card debt

All the news related to credit card debt updated in real time

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Spending on credit cards up a third amid cost-of-living crunch

Credit card spending has shot up by a third as more people turn to borrowing cash amid the cost-of-living crunch. UK credit card holders spent just under £20 billion in May, a 33% jump in the total spend compared to the same month last year, ...

17 Aug 2022 at 12:54

Cash use set to survive despite slump during pandemic – report

Cash may no longer be king but its rapid decline in use during the pandemic has at least eased, according to a report. Trade body UK Finance said many people were forced to use alternative ways of spending due to lockdowns and other Covid ...

18 Aug 2022 at 11:55

Credit card borrowing grows at fastest annual rate since 2005

Households’ credit card borrowing grew at the fastest annual rate since 2005 in April, according to Bank of England figures – just as a string of price rises started to hit. The annual growth rate for all consumer credit, which includes ...

31 May 2022 at 12:09

Default rates on mortgages and credit cards expected to rise in months ahead

Default rates on mortgages, credit cards and other household loans have recently increased and are expected to rise further in the coming months, according to a Bank of England survey of lenders. Demand for credit card borrowing ...

11 Apr 2024 at 10:53

Personal Finance

43% of adults ‘expect household finances to get worse this year’

More than two in five (43%) people believe their household financial situation will get worse in the year ahead, according to a debt help charity. StepChange Debt Charity, which released the research, said that nearly 1,000 ...

16 Jan 2024 at 12:17

Local News

One in three Donegal households are going without food or heat

More than one in three households in Donegal have gone without food or heat as a result of the current cost of living crisis, we can reveal. And some have turned to charities, food banks and family members for support. In ...

08 Feb 2023 at 18:33

Personal Finance

Credit card and personal loan costs on the rise, website finds

Credit card and personal loan costs for new borrowing have jumped in recent months, according to analysis by a financial information website. Looking at the credit card market, the average purchase APR (annual percentage ...

27 Sept 2023 at 10:55

Home-buyer mortgage approvals jump to highest level since month of mini-budget

The number of mortgages approved to home-buyers increased in February to the highest level seen since the month the mini-budget was delivered under former prime minister Liz Truss. Some 60,383 mortgage approvals for ...

02 Apr 2024 at 12:20

Consumer credit borrowing increases at fastest annual rate in five years

Households’ borrowing using consumer credit increased to its highest annual growth rate in five years in November 2023, according to Bank of England figures. The annual growth rate for consumer credit was 8.6% in ...

04 Jan 2024 at 13:00

Life

How to start digging your way out of debt in January

Digging your way out of debt can feel like a particular struggle in January, when post-Christmas bills start landing. Firstly, it’s important to get on top of everything you owe, so go through your statements to ...

05 Jan 2024 at 07:00

Personal Finance

More than half of Black Friday shoppers ‘set to put spending on credit’

More than half of shoppers planning to make purchases over the Black Friday weekend expect to be relying on credit, according to a bank. Two-fifths (42%) of people surveyed for TSB expect to make purchases over ...

20 Nov 2023 at 12:12

Mortgage approvals slump as ‘autumn housing market pick-up fails to materialise’

The number of mortgages approved to home buyers fell to the lowest level since January in September, while remortgage approvals slumped to a 24-year low, according to Bank of England figures. In an indication ...

30 Oct 2023 at 11:01

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