CCR Magazine

You are here  :Home arrow News arrow Consumer finance up 3% in May
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Consumer finance up 3% in May PDF Print E-mail
Thursday, 09 July 2015

Figures released today by the Finance & Leasing Association (FLA) show growth of 3% in consumer finance new business in May compared with the same month a year earlier.          

Point-of-sale consumer car finance grew by 9% in May and the value of second charge mortgage new business increased by 23% compared with May 2014.

By contrast, retail store and online credit fell by 3% over the same period.

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

“May was a quieter month for FLA consumer finance providers, but overall the market continued to grow.  

“Recent research by Oxford Economics showed just how important FLA consumer finance providers are to the UK economy.  In 2014, they funded 7% of all UK consumer spending and supported 247,000 UK jobs.”

(FLA News Release)


latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197