Posted by | Category Blog | Date 28 January 2019

Consumers borrow £1.3 billion in short-term loans and repay more than £2 billion back

This week, the Financial Conduct Authority (FCA) have published the resulting insights and trends of their research into 2017-2018’s “high-cost short-term credit market”. Although the results are nothing as large as the lending volumes of 2013, they do however show a significant increase in the volume of such loans since 2016, with Press Association Personal Finance Correspondent Vicky Shaw stating that “For the year July 1 2017 to June 30

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