Consumers spent a record £10.6 billion on credit cards during March as the lending boom showed little sign of slowing down.
Total unsecured lending, which includes overdrafts and loans, also reached a new high of £16.79 billion during the month, according to the Bank of England.
Once repayments were taken into account outstanding debt on credit cards rose by a record £759 million to a total of £48.83 billion.
Friday May 2 2003
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