04-01-2017 14:41 via theguardian.com

UK credit binge approaching levels not seen since 2008 crash

Debt charity issues warning to government after unsecured consumer credit grew at fastest rate in more than 11 yearsA credit boom that is close to levels not seen since the 2008 financial crash should set alarm bells ringing in Theresa May’s government, a debt charity has warned.The latest figures from the Bank of England show unsecured consumer credit, which includes credit cards, car loans and second mortgages, grew by 10.8% in the year to November to £192.2bn, picking up pace on t
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