Consumer Credit in the United Kingdom decreased to 859 GBP Million in May from 1944 GBP Million in April of 2025. This dataset provides the latest reported value for - United Kingdom Consumer Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer lending, excluding student loans, in the United Kingdom (UK) reached nearly 33.51 billion British pounds in March 2025. These figures have thus recovered from the stark decline suffered in April 2020. The value of new consumer credit granted also decreased during the economic crisis of 2007, although more gradually. The category consumer lending includes loans and advances to individuals through credit cards and personal loans. The majority of consumer credit is through credit card lending. Mortgage lending The value of outstanding mortgage lending in the UK is far higher than that of consumer credit. Additionally, the outstanding volume of consumer credit has fluctuated more in the past, while mortgages have had a more consistent growth. In the second quarter of 2024, the value of gross new mortgage lending in the UK amounted to over 60 billion British pounds. Credit card payments With billions of British pounds in gross consumer lending through credit cards, it’s unsurprising that the number of credit cards in circulation in 2022 was nearly as high as the number of people in the UK. The number of credit cards peaked in 2005, and it slightly decreased in the following months. However, there were still nearly 56 million credit cards in issue in the UK in 2023. The average amount spent per purchase on credit cards in the UK was roughly 59 British pounds in November 2024. This figure is much lower than the spending limit of most credit cards.

As of late October 2024, most of the outstanding consumer lending in the United Kingdom (UK) were overdrafts, as well as loans and advances other than credit cards. Consumer credit peaked in February 2020, but dropped sharply two months later before slowly starting to recover again. The category other, which includes overdrafts and other loans and advances made up most of the outstanding credit. Meanwhile, credit cards amounted to approximately a third of the outstanding consumer loans. Nevertheless, credit cards made up most of the new monthly consumer lending in the UK. A likely reason for this discrepancy is that credit card debt tends to be paid in a shorter term than other types of credit.

The outstanding consumer credit excluding student loans in the United Kingdom has increased during the past months, reaching nearly 229.6 billion British pounds in June 2024. It wasn't until June 2024, that the value of outstanding consumer loans did not reach the value that it had before the start of the pandemic in February 2020.

In February 2024, the monthly new consumer lending through credit cards in the United Kingdom (UK) amounted to nearly 23 billion British pounds. The monthly gross consumer lending level excluding student loans increased steadily until March 2020, when it decreased sharply. Non-credit card consumer lending made up a smaller fraction of the total.

Daily, weekly and monthly data showing seasonally adjusted and non-seasonally adjusted UK spending using debit and credit cards. These are official statistics in development. Source: CHAPS, Bank of England.

United Kingdom Gross Lending to Individuals: Consumer Credit (CC): Total data was reported at 29,558.000 GBP mn in Feb 2025. This records a decrease from the previous number of 31,732.000 GBP mn for Jan 2025. United Kingdom Gross Lending to Individuals: Consumer Credit (CC): Total data is updated monthly, averaging 16,650.000 GBP mn from Apr 1993 (Median) to Feb 2025, with 383 observations. The data reached an all-time high of 33,432.000 GBP mn in Jul 2024 and a record low of 5,030.000 GBP mn in May 1993. United Kingdom Gross Lending to Individuals: Consumer Credit (CC): Total data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB039: Lending to Individuals: Gross: Consumer Credits. [COVID-19-IMPACT]

In April 2025, most consumer loans in the United Kingdom (UK) were granted by monetary financial institutions (MFI). Nevertheless, other lenders gave over 12.4 billion British pounds worth of consumer credit. During the past years, non-bank lenders have been increasing their market share. Credit cards made up most of the new monthly consumer lending in the UK.

Consumer credit, billion currency units in the United Kingdom, April, 2025 The most recent value is 152.58 billion U.K. Pound Sterling as of April 2025, an increase compared to the previous value of 151.8 billion U.K. Pound Sterling. Historically, the average for the United Kingdom from August 2010 to April 2025 is 153.34 billion U.K. Pound Sterling. The minimum of 141.64 billion U.K. Pound Sterling was recorded in January 2022, while the maximum of 181.58 billion U.K. Pound Sterling was reached in August 2010. | TheGlobalEconomy.com

This report analyses the total unsecured gross lending to individuals within the United Kingdom; this includes lending by monetary financial institutions (MFIs) and other consumer credit lenders, albeit excludes lending for the purposes of student loans. The data is sourced from the Bank of England (BoE) and values presented represent the sum of seasonally adjusted monthly figures over a given financial year (i.e., April-March). Forecast estimates are produced by IBISWorld.

The UK consumer credit market experienced challenging conditions in 2019. Lending in 2020 is set to rise by 5%, but overall growth will remain flat at around 4-5% throughout the rest of the forecast period. This means gross advances are expected to total £372.4bn by 2023. The following factors will drive the market over the next few years: Read More

The interest rates of most types of personal loans in the United Kingdom (UK) have increased slightly in 2024. However, the interest rates applied to personal loans of 3,000 British pounds were slightly lower than in the previous year, amounting to ***** percent. Smaller personal loans had, in general, higher interest rates than bigger loans.

United Kingdom M4 Lending: HS: Individual: Consumer Credit data was reported at 134,882.000 GBP mn in Oct 2018. This records a decrease from the previous number of 135,040.000 GBP mn for Sep 2018. United Kingdom M4 Lending: HS: Individual: Consumer Credit data is updated monthly, averaging 107,617.000 GBP mn from Jan 1987 (Median) to Oct 2018, with 382 observations. The data reached an all-time high of 147,427.000 GBP mn in Sep 2008 and a record low of 24,494.000 GBP mn in Jan 1987. United Kingdom M4 Lending: HS: Individual: Consumer Credit data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KA001: Money Stock.

United Kingdom Consumer Credit: MFIs: Credit Card Repayments data was reported at 12,559.000 GBP mn in Sep 2018. This records a decrease from the previous number of 13,577.000 GBP mn for Aug 2018. United Kingdom Consumer Credit: MFIs: Credit Card Repayments data is updated monthly, averaging 11,162.000 GBP mn from Jan 2010 (Median) to Sep 2018, with 105 observations. The data reached an all-time high of 14,325.000 GBP mn in Jul 2018 and a record low of 8,701.000 GBP mn in Feb 2013. United Kingdom Consumer Credit: MFIs: Credit Card Repayments data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB032: Lending to Individuals: Gross: Consumer Credits.

United Kingdom M4 Lending: sa: HS: Individual: Consumer Credit data was reported at 134,688.000 GBP mn in Sep 2018. This records an increase from the previous number of 134,008.000 GBP mn for Aug 2018. United Kingdom M4 Lending: sa: HS: Individual: Consumer Credit data is updated monthly, averaging 116,539.500 GBP mn from Apr 1993 (Median) to Sep 2018, with 306 observations. The data reached an all-time high of 147,057.000 GBP mn in May 2008 and a record low of 42,062.000 GBP mn in Nov 1993. United Kingdom M4 Lending: sa: HS: Individual: Consumer Credit data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KA001: Money Stock.

Uk account level user banking data set including bank account transactions (Traditional and Neo Banks like Revolut/Monzo etc.), card spending across credit and debit cards and ticker.

All ongoing transaction data is delivered in real time which is a significant advantage over stale data other providers offer.

Whether you’re looking for trends in retail data to inform investment decisions or to understand consumer behavior over a larger set of consumers, Real Time UK Consumer Transaction Data, de-identified gives you a distinct advantage because of our real time view into the customer at the account level (Not just debit or credit cards).

• Access the “truth” of transaction data across all of a users accounts (Traditional banks, Neo Banks, Credit and Debit cards) • Insight into Millennial, Gen Z, and the Underbanked segments that are missing in other transaction data sets • Analyze transactions with greater enriched detail • Protect consumer privacy and comply with local regulation while enabling more flexible analysis of safe data

United Kingdom Gross Lending to Individuals: Consumer Credit (CC): Total data was reported at 35,279.000 GBP mn in Mar 2025. This records an increase from the previous number of 29,577.000 GBP mn for Feb 2025. United Kingdom Gross Lending to Individuals: Consumer Credit (CC): Total data is updated monthly, averaging 16,654.500 GBP mn from Apr 1993 (Median) to Mar 2025, with 384 observations. The data reached an all-time high of 35,279.000 GBP mn in Mar 2025 and a record low of 5,030.000 GBP mn in May 1993. United Kingdom Gross Lending to Individuals: Consumer Credit (CC): Total data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KB039: Lending to Individuals: Gross: Consumer Credits. [COVID-19-IMPACT]

Over the five years through 2024-25, credit bureaux and rating agencies’ revenue is slated to fall at a compound annual rate of 5% to £2.3 billion. Geopolitical issues, particularly the forced stoppage of operations in Russia, have hurt the industry, mainly through lower deal rates and lost synergies with companies’ Russian branches. This also ate into profitability, cutting off some of the highest-ticket deals, which are the most profitable for rating agencies. Brexit restructuring has further influenced the market, with companies being forced to split their UK and EU operations. At the same time, weak economic conditions have held impeded revenue – low confidence and the high interest rate environment have meant there’s been less borrowing across the economy over the past few years, meaning less demand for the services credit rating agencies provide. In 2024-25, revenue is anticipated to climb by 3.2%. Increasingly favourable economic conditions, interest rate cuts and an upturn in deal-making are expected to stimulate borrowing. This will feed through to higher demand for credit rating services, as lenders require credit checks prior to approving loans. Over the five years through 2029-30, revenue is forecast to expand at a compound annual rate of 2.7% to £2.7 billion. Mounting demand for ESG rating services, which have been brought in by a number of major rating agencies, will be a key driver of this growth. Additionally, falling rates and a likely end to skyrocketing inflation will provide a more suitable environment for borrowing, ramping up demand for credit rating services.

The type of lending service for which the Financial Ombudsman received the highest number of complaints in the United Kingdom in the financial year 2023 was consumer finance linked to goods and services. Meanwhile, there were relatively few complaints regarding business lending or consumer credit services.

The non-depository financing industry's revenue has contracted at a projected compound annual rate of 2.1% over the five years through 2024-25. The COVID-19 outbreak caused a large drop in borrowing in 2020-21 as consumers faced a lack of spending opportunities, outweighing the gains from businesses taking out additional loans to stay afloat. The industry has also faced stronger regulatory oversight to combat the proliferation of overly risky and expensive loans. The cost-of-living crisis has caused consumer lending to swell as households rely on short-term borrowing to make up for weakened savings and costs outpacing wages. Soaring interest rates have caused the cost of mortgages to skyrocket, damaging revenue as buyers pull back and lenders are more cautious. The Non-Depository Financing industry's revenue is estimated to climb by 1.7% in 2024-25 – and is expected to total £6.7 billion. This comes from the much-anticipated sliding down of interest rates that will aid the mortgage market and big returns from newer sectors like OpenAI and sustainable technologies. Industry revenue is expected to swell at a compound annual rate of 2.4% to £7.6 billion over the five years through 2029-30. The need for credit is set to be supported by the previous erosion of savings from spiked inflation, leading to more loans needed for sizeable investments as confidence rebounds. Non-depositary financing companies will continue facing stiff competition from other types of lenders, like peer-to-peer lenders. The regulation constricting payday loans will continue to push services towards a lower margin and higher volume approach, aiding those with lower credit scores but dented industry profit. The high cost of mortgages and economic headwinds will settle and start to rebuild the housing market, supporting revenue.