Poll
Are your clients taking on too much consumer credit? Poll
Written By:
Guest Author
Posted:
June 29, 2017
Updated:
June 29, 2017
Guest Author:
Mortgage SolutionsThe Bank of England has raised concerns about the rise in consumers’ reliance on credit for purchases.
In its Financial Stability Report, the Bank reported a 10% increase in consumer credit lending in the 12 months to April 2017. While this was slightly slower than in quarter four 2016, it was close to its fastest annual growth rate since 2005.
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