coronavirus lockdowns as borrowers focused on reducing the amounts they owe, according to analysis by a credit checking company.
Experian customers had an average monthly balance across all credit accounts, excluding mortgages, of £9,681, compared with £11,615 when lockdown first started at the end of March, 2020.
It said the findings suggest some borrowers took the opportunity to use savings made by reduced spending to get their finances in order and improve their credit score.
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