UK's £200bn consumer debt unsustainable, S&P warns

Borrowing should raise ‘red flags’ as losses can be sudden and sharp and could worsen if interest rate rises, rating agency saysThe rapid rise in UK consumer debt to £200bn from car finance, personal loans and credit cards is unsustainable at current growth rates and should raise “red flags” for the major lenders, ratings agency Standard & Poor’s has warned.In detailed analysis of the sector, S&P warned that losses from this form of lending suffered b