Newsletter Key Themes ¦ Industry and Regulatory Developments – DEMSA

Find the full DEMSA newsletter and commentary here

Consumer Borrowing Trends

Increase in Consumer Credit Borrowing: The bulletin highlights a rise in consumer credit borrowing, particularly through credit cards, with net borrowing reaching £1.9 billion in January 2024. This trend indicates a potential increase in consumer spending and financial activity. For professionals in financial services, credit management, or debt collection, understanding these borrowing trends is crucial for assessing market demand, risk management, and developing appropriate lending strategies. Link: Money Advice Trust - Latest NewsLink: Bank of England - StatisticsLink: StepChange - Press ReleasesImpact on Financial Wellbeing: The rise in consumer borrowing can have implications for individual financial wellbeing, as highlighted by National Debtline's findings on using credit to pay for essential household bills. For professionals working in debt management or financial advisory roles, understanding t...

In order to access this content a ROAR Insight: Demsa option is required.

Join or add this to your existing account here.