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Re-mortgaging also ticked up for the third month in a row in October, the Bank of England said.

Just over a fifth of people surveyed had experienced card and phone payment issues in the past six months, according to research for KPMG UK.

Losses where people were tricked into transferring money decreased in the first half of this year, UK Finance said.

A finance expert said that a Bank of England survey of lenders suggests that many households are still struggling in the current environment.

Some students have avoided checking their bank balance or socialising, Experian said.

The number of mortgage approvals made to home buyers remained at about 60,000 in June, the Bank’s Money and Credit report said.

As households’ mortgages come up for renewal, with higher monthly repayments, it follows that defaults could rise, a financial services expert said.

More than a quarter of people are expecting to book a last-minute summer holiday, according to a survey for Intuit Credit Karma.

Home sales across the UK also increased in March, for the third month in a row.

The findings from a survey of lenders suggest a more positive economic outlook has not fed through to household finances yet, an expert said.