Consumers’ debt caution continues, says BBA

UK consumers continued their cautious approach to debt in March as demand for home loans and unsecured credit remained weak, banks have said.

The number of home loans approved for house purchases was below the recent average the British Bankers’ Association (BBA) said.  Meanwhile, repayments continued to outstrip new spending on credit cards, despite the amount spent having risen.

The figures reflect a safety-first trend that has been seen for months.

 

Source:  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