2006 Cards Management Risk Management 
FICO
FEBRUARY 22, 2023
But this year’s rise seems to also have been driven by inflation, pushing the amount of average credit card spend in the UK to the highest level since our UK Risk Benchmarking records began in 2006. This rise occurred in a month when UK retail sales volumes were widely reported as being down relative to past years.
FICO
APRIL 19, 2023
Home Blog FICO UK Credit Cards: Are "Established" Accounts in Trouble? The percentage of Established UK credit card accounts with two missed payments is more than 83 percent higher than all account vintages. The percentage of Established UK credit card accounts with three missed payments is nearly 94 percent higher.
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FICO
MARCH 23, 2023
In a similar vein, the FICO data shows that many of those consumers missing one credit card payment in December continued to struggle with their debts in the new year, with a marked increased in two missed payments. percent higher than December 2022 Average balance on credit card accounts with two missed payments was 1.9
FICO
JUNE 27, 2023
Our latest data on UK credit card trends shows financial volatility and higher levels of credit card spend, compared to 2022 – with monthly spend up by 6.7 As a consequence of these increases in transactions and spend, the average active credit card balance for both March and April 2023, is 8.2 percent in March and 8.7
FICO
JANUARY 24, 2023
FICO’s latest market report of UK card trends suggests that consumers managed their credit card debt to keep lines of credit open for the festive season as spend increased month on month. percent more accounts with three missed payments The reliance on credit cards for cash withdrawals dropped, month-on-month, by 10.4
FICO
OCTOBER 19, 2022
UK Card Risk Trends: Summer Data Indicates Challenges Rising. FICO’s report of UK card risk trends for summer 2022 (June-August) paints a picture of inconsistent consumer behaviour and market patterns which will be challenging for lenders to manage as the cost-of-living crisis impacts financial spending and consumer finances.
Abrigo
OCTOBER 28, 2020
These times are different than the early 2000s or even 2006 to 2018 when economic activity was roaring, unemployment was low and financial institution liquidity was tight. Credit card loans carry a higher rate presumably due to larger losses on credit extensions. Credit Risk Management. Lending & Credit Risk.
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