Consumers cautious on debt, say banks

Consumers adopted a cautious approach to borrowing through loans, overdrafts and on credit cards in August, according to the major banks.

Repayments on unsecured lending outstripped new borrowing in August by around £100 million, figures from the British Bankers’ Association (BBA) showed.

However, the data does reveal a lift in lending in home loans.

Read the full article at bbc.co.uk

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s