Average debt reduced by £2,000 in lockdown, Experian says

The average amount of debt has been reduced by almost £2,000 in lockdown, a study by Experian has found. The credit checking agency said its customers had an average credit balance, excluding mortgage debt, of £9,681 in June, compared to £11,615 at the start of lockdown in March. A combination of reduced living costs and no commute has meant many families have been able to save more during the pandemic, but experts warned that the inequalities were stark with lots struggling to