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Peer2Peer Finance News | July 20, 2018

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consumer credit

Lenders predict higher demand for consumer credit but supply is set to drop

July 13, 2018 |

LENDERS are anticipating an increase in demand for consumer credit in the next three months but are expecting less to be available.

The Bank of England’s second quarter credit conditions survey asked lenders about their opinion on credit conditions and … Read More

Small business and consumer lending slows in May

June 29, 2018 |

LENDING to individuals and businesses slowed across the board in May, Bank of England data shows.

Money and credit data from the Bank of England, released on Friday, revealed that annual growth in consumer credit slowed again in May following … Read More

Consumer over-indebtedness highest in London – FCA

June 20, 2018 |

THE PROPORTION of adults who are over-indebted in London is higher than in the rest of the UK, research shows.

The Financial Conduct Authority’s (FCA) Financial Lives survey found 17 per cent of Londoners are over-indebted, compared with the UK … Read More

Loan advances boost consumer credit growth in April

May 31, 2018 |

CONSUMER credit growth increased to 8.8 per cent annually during April, driven by a boost in loans.

This was an increase from the 8.6 per cent figure recorded in March, according to Bank of England data.

Loan advances grew by … Read More

FCA unveils overdrafts crackdown

May 31, 2018 |

BANKS and consumer credit providers may have to set up mobile alerts to warn customers of impending overdraft charges as part of a clampdown on high-cost finance.

The Financial Conduct Authority (FCA) has unveiled a package of measures aimed at … Read More

Consumer credit made up the bulk of financial complaints last year

May 30, 2018 |

THE FINANCIAL Ombudsman Service (FOS) upheld six in 10 complaints about consumer credit last year, the regulatory disputes body has revealed.

The FOS annual report for 2017/2018 found consumer credit products, which includes some peer-to-peer lending as well as payment … Read More

Consumer credit growth shoots back up after March slowdown

May 25, 2018 |

PERSONAL loan borrowing and credit card spending through the main high street banks returned to growth in April after a decline in March.

Data from banking trade body UK Finance shows annual growth in personal loan borrowing shot back up … Read More

UK household debt close to 1980s peak

May 8, 2018 |

A BOOM in consumer credit has fuelled growth in the debt of UK households which is now close to its 1980s peak, according to Fitch.

The ratings agency said that UK households’ swing into an aggregate net financial deficit position … Read More

Consumer borrowing drops to a two-year low

May 1, 2018 |

ANNUAL consumer credit growth has fallen to its lowest level in more than two years.

Data from the Bank of England, released on Tuesday, showed that the amount borrowed on loans and credit cards during March 2018 grew by 8.6 … Read More

High street banks reveal slowdown in consumer credit borrowing

April 26, 2018 |

ANNUAL growth in personal loan and overdraft borrowing slowed in March, data from the main high street banks has revealed.

Lending figures from banking trade body UK Finance shows personal loan and overdraft lending increased 2.4 per cent last month, … Read More