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UK sees record borrowing as 13m Brits rely on credit cards

By Puja Sharma

January 18, 2023

  • banks in UK
  • Business Credit Cards
  • Consumer Borrowing
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As credit card borrowing soared to £1.2 billion in November, the highest levels since 2004, new research from Forbes Advisor reveals one in four (25%) consumers – the equivalent of 13 million Brits – are relying on credit to fund everyday costs such as lunch and transport. Reliance on credit varied across UK regions. For example, […]

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