UK credit card borrowing soars – The Guardian ...News

Millions of people are now reportedly relying on plastic or loans to cover basic bills and expenses Struggling British households have been increasingly resorting to borrowing as the cost-of-living crisis has deepened, The Guardian reported on Sunday, citing data by the Joseph Rowntree Foundation (JRF). According to the JRF, 2.3 million low-income families have been taking out loans or using credit to pay essential bills during the crisis. The report also indicated that nearly 6 million low-income families have unsecured debt, such as credit cards, overdrafts, and personal loans from banks, credit unions and payda

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UK credit card borrowing soars – The Guardian ...News

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