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The Bank of England has released data that shows that consumers are paying off
their credit card bills faster than ever before.
Figures for August show that £ 311 million more was paid off than borrowed, the
most ever since records began in 1987 and the first time a fall has been
recorded since 1994.
The total amount of credit card debt in the UK has fallen to £ 55.4 billion.
Source:
Getting Paid
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