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Consumer finance up 8% in April PDF Print E-mail
Thursday, 04 June 2015

New figures released today by the Finance & Leasing Association (FLA) shows growth of 8% in consumer finance new business in April, compared with the same month last year.

Retail store and online credit was up by 7% in the same period, and second charge mortgages increased 26% by value and 9% by volume.

Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:

“New finance provided to consumers by FLA members has been growing at a steady rate and in line with forecasts for growth in 2015 as a whole.  Our latest research suggests that new consumer lending is likely to grow by 7% in 2015.”

(Source - FLA News Release)  

 

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