Consumers Missing Payments in Summer 2023 Was 20% Higher Than in 2022 Reveals FICO

The average credit card balance has once again increased in July (£1,710) and August (£1,729), reflecting the upward trend seen in the last two years reveals FICO, the analytics company, in its latest report. The FICO UK Credit Card Market Report for July/August 2023 paints a picture of erratic consumer financial management which could challenge how […]