You are here: Home - Credit Cards & Loans -

Net consumer credit falls in March

Written by:

Net consumer credit – which includes credit cards and personal loans – increased by £1.2bn in March, down from February’s increase of £2.3bn, according to the Bank of England (BoE).

BoE statistics revealed that, although net credit card lending remained on par with February’s increase of £0.4bn, net loans and other advances increased by £0.9bn, less than February’s figures.

The annual growth rate of consumer credit rose by 0.2% between February and March, while the monthly rate of growth fell by 0.5%. Outstanding consumer credit currently stands at £229.5bn.


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Personal loan rates on the rise

Comparison site Moneyfacts says the monthly repayments on personal loans are rising as well as mortgage rates.