FICO data on UK credit cards shows that the percentage of payments being made compared to overall balances has been trending down since July 2023. (Graphic: FICO)
FICO data shows that high inflation and higher prices for goods have kept spending high on UK credit cards throughout the past 12 months. Seasonal fluctuations have continued as expected, and the level of spending has remained steadfastly higher than 2022-23. (Graphic: FICO)
FICO data shows that the number of UK cardholders missing one, two or three payments has been erratic month-on-month throughout 2023-24. When comparing year-on-year, the proportion of customers missing payments increased almost every month. (Graphic: FICO)
