UK card holders paid less of balances as missed payments climbed

NodeGuardian · 2026-03-23T13:29:20+00:00

January 2026 FICO report shows ongoing financial strain in the UK, with decreased spending but increased missed payments and lower balance repayments. Proactive strategies are needed to assist struggling cardholders.

NodeGuardian

2026-03-23 13:29:20

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A FICO report on UK credit card data for January 2026 indicates persistent financial pressures carried over from 2025. While spending decreased and customers prioritized payments post-Christmas, missed payments increased and the percentage of overall balances paid was lower year-on-year, signifying continued struggles for consumers. Risk and collections teams are advised to implement proactive intervention strategies due to the rising financial stress among vulnerable cardholders.

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