The Aporia
The Aporia
Shaw, V. (2026, October 8). Lenders expect credit card defaults to increase in months ahead, survey finds. Evening Standard. https://www.standard.co.uk/news/politics/bank-of-england-england-britain-b1300011.html
Shaw, Vicky. “Lenders expect credit card defaults to increase in months ahead, survey finds.” Evening Standard, 8 Oct. 2026, https://www.standard.co.uk/news/politics/bank-of-england-england-britain-b1300011.html.
Shaw, Vicky. “Lenders expect credit card defaults to increase in months ahead, survey finds.” Evening Standard, October 8, 2026. https://www.standard.co.uk/news/politics/bank-of-england-england-britain-b1300011.html.
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The Bank of England’s latest Credit Conditions Survey indicates lenders expect default rates on credit cards to rise in the three months ending November. While mortgage defaults slightly decreased and are expected to remain stable, unsecured credit card defaults are projected to increase due to financial strain caused by rising energy prices and interest rates. Debt help charity StepChange reports a 20% higher client support demand than anticipated this year, citing difficulties with essential bill payments alongside loan repayments. Nathan Emerson from Propertymark sees growing confidence in the housing market but acknowledges potential challenges ahead. Karim Haji from KPMG notes that while some households rely more on credit, they face increasing financial hardships.
