For those who need to use credit cards and loans, watch out for tighter lending criteria across the market
Thursday 03 Sep 2020 Author: Hannah Smith
With the pandemic putting people’s finances under pressure, many of us are paying down debt to get into a more stable financial position. Data from UK Finance reveals the annual growth rate of outstanding credit card balances fell 12.6% during the final month of lockdown, as consumers rushed to reduce their liabilities. But for those who still need to borrow, it is more important than ever to pay as...