Figures highlight growing alarm at Bank of England and among MPs over rapid rises in household spending fuelled by additional borrowing.
Nearly 300000 debt judgments were filed against individuals in English and Welsh county courts in the first three months of 2017, the highest quarterly figure for more than 10 years. Figures from the Registry Trust show a 35% rise compared with the first quarter of final year in county court judgments (CCJs) against borrowers who found themselves unable to pay their debts. Related: Sharp rise in county court judgments against consumers Continue reading...
Source: theguardian.com