Britain increasingly embracing its plastic
New statistics show that the amount spent on credit cards is on the rise. The latest release from the British Banking Association reveals that we spent £7.1bn on credit cards in October, up 5.1% on the same time last year. Not only are we increasingly using credit cards, we are also managing them well. The stats show that while credit card usage is up, the debt sat on plastic is falling – we borrowed £7.1bn last month but repayed £7.4bn.