What June Data Says about UK Credit Cards and Consumers
Rising spend and falling payments to balance continued to push up average balances on UK credit cards, demonstrating underlying risk
Liz Ruddick
Liz Ruddick is a director of business consulting in the Partner Success Advisors team at FICO. Liz joined FICO in 2006 and works closely with financial services clients in the UK, Ireland, the European Union, the Middle East and India in supporting their customer management and collections disciplines. Liz also works on a range of projects including customer management software implementations and upgrades, current state assessments and delivery of data-driven strategies.
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UK Cards Data Reveals Fall in Spending but Rise in Balances
Lenders should keep a close eye on credit card delinquencies, which saw a 10.4% increase in the percentage of customers missing one payment in May
UK Cards and Credit Risk: Further Decline in Balances Paid
April data on UK cards shows spending declined and average balances increased, signalling slow rise in credit risk for UK consumers
New UK Credit Cards Data Shows Lower Spending, More Delinquencies
Financial pressures on UK consumers are evident in drop in spend and rise in delinquencies on credit cards
UK Cards Data Shows Rise in Delinquencies, First-Party Fraud Risk
In data on UK credit cards, FICO sees a rise in customers missing three payments, and signs of growing first-party fraud
How Did the Pandemic Affect UK Consumers’ Card Payments?
FICO data reveals that the positive payment behaviour from the pandemic is still persisting
UK Credit Cards Hit New Highs for Spending and Balances
FICO data suggests the ongoing impact of inflation could affect consumer affordability through 2025
UK Card Payment Trends: Delinquencies Still Climbing
FICO UK Credit Report for August 2024 shows familiar card payment trends, but late payments are still higher than 2023
UK Credit Card Payment Trends - Missed Payments Are Rising
Spending falls following typical seasonal patterns, although average balance is up 5.3% year-on-year and more customers miss payments
UK Credit Card Trends 2023-2024: More Spend and Delinquencies
FICO analysis of 2023-2024 data reveals how continued high costs and inflation are shaping UK credit card payment patterns
UK Credit Cards: Average Spending and Balances Reach New High
High prices lead to highest average credit card spend and balances since FICO records began
UK Credit Cards: Pre-Holiday Spending and Payments
UK card sales and cash spend fell before the usual Christmas upturn, although inflation means spending was higher than the same period in 2022
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