CCR Magazine

You are here  :Home arrow News arrow StepChange Debt Charity responds to the Bank of England’s Money and Credit statistics
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
StepChange Debt Charity responds to the Bank of England’s Money and Credit statistics PDF Print E-mail
Tuesday, 05 January 2016

In response to November’s Money and Credit figures from the Bank of England, Peter Tutton, Head of Policy at StepChange Debt Charity, said: "These figures show another substantial rise in consumer credit. Part of this rise this could be due to people shopping online or using credit to spread the cost of Christmas, but if credit balances continue to increase at this rate into the New Year then concerns about a new and possibly unsustainable credit boom will grow.


"With many households becoming more vulnerable to income shocks, this could result in a whole new group of people struggling with debt.

"We must not see a return to pre-recession levels of unmanageable debt and it is vital that creditors are lending responsibly to help prevent this. We also urge the Government to ensure the right help is available for anyone who falls into financial difficulty."
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

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

subscriptions

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
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197