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Peer2Peer Finance News | September 25, 2018

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consumer credit

UK consumer borrowing slumps in July

August 30, 2018 |

CONSUMER credit growth slowed in July, while business borrowing remained subdued, new Bank of England data shows.

The trends were revealed in the latest monthly Money and Credit statistics issued by the Bank, covering the month of July.

The data … Read More

Personal loan price war continues despite rate rise

August 29, 2018 |

CONSUMERS may be poised for the cost of borrowing to rise since the Bank of England raised interest rates earlier this month, but so far personal loan rates remain “in freefall”, according to new research.

Analysis from personal finance website … Read More

Households feel pinch as Brexit uncertainty bites

August 2, 2018 |

THE LATEST data from the Office for National Statistics (ONS) suggests that individuals are feeling the pinch and could be likely to increase borrowing, in the face of higher inflation and Brexit uncertainty.

According to the ONS Wealth and Assets … Read More

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