Consumer credit in the United Kingdom is regarded to be borrowing to finance existing spending on goods and/or services from entities and excludes student loans issued from the Student Loan Company. The statistic is divided into two categories, credit card lending and ‘other’, which covers overdrafts and added loans/advances mostly.
UK Consumer Credit
UK Consumer Credit increased on a monthly basis for the month of May 2017 by 16.79% compared with the previous month. Results were reported at £1.732 billion, surpassing previous month’s values of £1.483 billion and beating expectations of £1.400 billion. Consumer Credit in the United Kingdom peaked at an all-time high point of £2.22 billion in January of 2005 and hit rock-bottom at -£1.19 billion in August of 2009.
