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Peer2Peer Finance News | February 21, 2019

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consumer debt

UK consumers concerned over debt levels

April 9, 2018 |

ALMOST half UK consumers believe that it is too easy to get into debt, according to research carried out by TDX Group.

The survey, which was carried out by Gorkana and TDX – which is part of consumer credit reporting … Read More

Lenders warned against selling products to vulnerable consumers

March 15, 2018 |

THE FINANCIAL Conduct Authority (FCA) has warned lenders that it will take action against firms who sell products to vulnerable consumers.

In a speech to the Credit Summit on Thursday, Jonathan Davidson, executive director of supervision – retail and authorisations … Read More

OECD calls for borrowing caps to tackle consumer debt

November 28, 2017 |

FINANCIAL regulators should introduce caps on how much households can borrow to stem the consumer credit boom, economists have claimed.

The latest economic outlook from the Organisation for Economic Cooperation and Development (OECD) warned on Tuesday that high household debt … Read More

P2P lenders are not to blame for debt crisis

November 8, 2017 |

THE UK’S ongoing consumer debt crisis is not the fault of alternative lenders, according to the ex-regulator at the head of the Peer-to-Peer Finance Association (P2PFA).

Speaking exclusively to Peer2Peer Finance News, P2PFA chair Christine Farnish (pictured) said that it … Read More

Millions of Brits face debt and savings crises during unexpected illness

August 18, 2017 |

MORE THAN 12 million UK adults could find themselves facing a debt crisis or draining their savings in the event of an unexpected illness or sudden death.

According to new research from Aviva, millions of families are not prepared for … Read More

Consumer debt rises, but most UK adults aren’t worried

June 27, 2017 |

ALMOST two thirds of UK adults said they were able to meet credit commitments without any difficulty in the second half of last year, an improvement on the previous four years, official figures have shown.

The Office for National Statistics’ … Read More

Unsecured consumer credit hits all-time high

November 3, 2016 |

UNSECURED borrowing among UK consumers has soared to an all-time high, with peer-to-peer lending seeing the most growth of any unsecured lending product over the past five years.

PwC’s annual consumer credit confidence survey found that unsecured borrowing in the … Read More