UK Average Active Credit Card Balance Hits Record £2,005 in August, FICO Says
Bitget2026/10/20 08:01- FICO's UK credit card report showed average active balances reached a record £2,005 in August 2026, up 4.8% year over year.
- Average spending rose 3.1% month over month to £840, marking the strongest annual growth in more than a year.
- Payments fell to 33.3% of outstanding balances, down 1.1% month over month, signaling continued pressure on consumers.
- Accounts with three missed payments increased 16.4% year over year; those with two missed payments rose 9.5%.
- Risk teams should prioritize early intervention for customers missing payments as rising inflation and energy costs threaten household finances, the report recommended.
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