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FICO UK Credit Card Market Report: January/February 2025

1. FICO reports seasonal trends in UK card payments and rising missed payments. 2. Consumer behavior improved with fewer missed payments in February despite January's declines.

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FAQ

Why Neutral?

The mixed signals of increased spending and missed payments suggest no immediate volatility. Historically, similar patterns have not significantly impacted FICO’s fundamentals.

How important is it?

The report's findings on payment behavior could affect credit scoring models, influencing FICO’s overall market perception.

Why Short Term?

Current trends may influence short-term customer sentiment, but long-term impacts remain uncertain. Previous data suggests short-term fluctuations don't substantially affect long-term growth.

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LONDON--(BUSINESS WIRE)--The latest analysis of UK card payments from global analytics software leader FICO shows that spending fell in January and rose in February, as per usual seasonal patterns. However, January saw increases in missed payments across one, two and three months. In February there was evidence of consumers prioritising card payments, with decreases in cardholders missing one and two payments. An area of concern for credit managers is the persistent rise in customers missing th.

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