UK Average Active Credit Card Balance Hits Record £2,005 in August, FICO Says

• FICO's UK credit card report showed average active balances reached a record £2,005 in August 2026, up 4.8% year over year.
• Average spending rose 3.1% month over month to £840, marking the strongest annual growth in more than a year.
• Payments fell to 33.3% of outstanding balances, down 1.1% month over month, signaling continued pressure on consumers.
• Accounts with three missed payments increased 16.4% year over year; those with two missed payments rose 9.5%.
• Risk teams should prioritize early intervention for customers missing payments as rising inflation and energy costs threaten household finances, the report recommended.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fair Isaac Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202610200400BIZWIRE_USPR_____20261020_BW683218) on October 20, 2026, and is solely responsible for the information contained therein.