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The Bank said the decline in housing equity withdrawal was not associated with an increase in repayments of secured debt, but lower sales and a reduction in remortgage activity.
The rise in credit card spending to £16.1 billion was softened by an increase in repayments by borrowers as they tackled debts incurred over Christmas, the normal seasonal pattern.
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We show that the increase in repayment under social image concern is largely attributable to the recipient's increasing desire to meet the provider's request.
For a nation which has a total budget of around $800m and has seen per capita incomes drop by 30% in the past 25 years, any increase in debt repayments would be disastrous.
The principal reason for the projected increase in non-repayment is that graduate income has not grown as anticipated by the Office for Budget Responsibility.
The amount of credit received had a positive coefficient, and is significant at 1% level, suggesting an increase in loan repayment as the loan amount increases.
More than 4.5 million borrowers who are not on fixed rates face an average annual increase of £930 in repayments if interest rates rise by 1percentnt, according to analysis which suggests that first-time buyers would be hardest hit.
George Osborne's decision to impose a near £3,000 increase in student loan repayments is likely to deter young people from going to university and hit disadvantaged students hardest, critics have said.
A settlement of 25 cents on the dollar would mean a fivefold increase in value after repayment of accumulated interest, he said.
Conversely, by shortening the mortgage term, you'll end up paying less in interest overall even though it will mean an increase in your monthly mortgage repayments.
The Clydesdale Bank is facing a very large increase in the cost of repayments for mis-selling of financial products.
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CEO of Professional Science Editing for Scientists @ prosciediting.com