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Posted by
Two Blokes Jul 14 -
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Stock
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LONDON--(BUSINESS WIRE)--The latest UK credit card data from global analytics software leader FICO provides stark evidence that consumer financial confidence remains low. Whilst spending has followed the usual seasonal drop after Easter, the average active balance is 4.7% higher year-on-year, suggesting consumers are not able to clear as much of their credit card debt. The percentage of balance paid is also trending downwards year-on-year by 5.8%. Another critical sign of financial difficulty i.
