LYG - U.K. consumers handling credit card spending 'relatively well' Fair Issac says

U.K. credit card trends are showing that consumers are managing their credit card spending "relatively well," despite the well-documented increases in living costs, according to Fair Isaac's January 2022 credit card market report. Average card balance of £1,512 (US$1,992) fell 2.4% from December and increased 0.4% from January 2021, while the average U.K. credit card spend of £669 fell almost 12% M/M and rose 17% Y/Y. The main takeaways:Card spending and average active balances are following a typical January pattern of decline compared with December; However, the percentage of payments to balance ratio increased M/M, atypical for January; and There are some signs of financial distress as the percentage of accounts that have missed two payments rose 12% from December, but remains lower than January 2021. Related stocks: American Express (AXP), NatWest Group (NWG), Barclays (BCS), Lloyds Banking Group (LYG). Regarding U.S. credit card metrics, delinquency and net charge-off rates

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U.K. consumers handling credit card spending 'relatively well', Fair Issac says