The FCA has published its latest insight article entitled Who’s driving consumer credit growth?

To build a better picture of what is driving consumer credit growth the FCA requested credit reference agency data for one in ten UK consumers. Having examined this data to assess possible risks from recent credit growth, the article summarises three particular insights which have emerged from this work:

• credit growth has not been driven by subprime borrowers;
• people without mortgages have mainly driven credit growth; and
• consumers remain indebted for longer than product-level data implies.

View Who’s driving consumer credit growth?, 8 January 2018