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Credit card spending to soar further during 2015

Credit card spending rose to its highest level since 2007 in the three months to Christmas, according to the Bank of England.

More than half (54.8%) of lenders reported growing demand for unsecured lending in the last three months of 2014, rising to 58.3% for credit cards. 

Lenders are predicting another significant increase in demand in the first quarter of this year.

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