Consumer borrowing on the up
‘New research by independent market analysts Datamonitor reveals that consumer borrowing has risen significantly.
Datamonitor found that borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,004 per average UK adult at the end of 2004.
This constitutes an increase of ten per cent on the previous year’s levels and a huge increase of 45 per cent since 2000.’
Read more at Consumer borrowing on the up
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