Credit Union Borrowers’ Average FICO Score Slightly Decreased over the Last 2 Years
Debt and missed payments continue to rise, contributing to a change in the average
FICO Fact: You Can Have No Debt and a High Credit Score!
People with no current debt can – and often do - have a credit score higher than the national average
UK Credit Card Trends 2023-2024: More Spend and Delinquencies
FICO analysis of 2023-2024 data reveals how continued high costs and inflation are shaping UK credit card payment patterns
UK Credit Cards: Average Spending and Balances Reach New High
High prices lead to highest average credit card spend and balances since FICO records began
UK Credit Cards: Pre-Holiday Spending and Payments
UK card sales and cash spend fell before the usual Christmas upturn, although inflation means spending was higher than the same period in 2022
UK Credit Cards: Stable Activity in September Ahead of Holiday Period
UK credit card missed payments and total balances rise, while spending falls ahead of the festive period
UK Credit Cards: Summer Saw Spending and Balances Rise
FICO UK Credit Report shows worrying trends as average spend per credit card rose while payments to balance rose and fell
Consumers prioritize auto over mortgage payments
What are the drivers behind this consumer shift in the loan payment hierarchy to pre-pandemic norms and is it likely to last?
Increased debt load poses risk to student loan borrowers
Student loan borrowers’ increasing debt trajectory through the pandemic has been outpacing that of non-student loan borrowers
Student loan borrowers at risk of delinquency when payments resume
Student loan borrowers already exhibiting higher delinquency rates than they did pre-pandemic on some credit products
UK Cards: June Data Shows Spending Spike in Cost-of-Living Squeeze
Average spend on UK credit cards rose to highest level in 15+ years as inflation remains high
UK Cards: FICO Data Shows Delinquencies and Spend Are Rising
The impact of stubbornly high inflation is evident in changing patterns on UK credit cards
UK Cards: Spend and Balances Rose in March / April 2023
Unpredictable consumer spending puts banks on high alert as deadline for new Consumer Duty Guidance nears
UK Cards Data: Cardholders Spent More in February, But Paid Less
New FICO data demonstrates cost-of-living pressures across spend and missed payments as UK consumers battle to manage finances
UK Credit Cards: Are "Established" Accounts in Trouble?
FICO data reveals worrying trends developing amongst established credit card users as missed payments rise
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