CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow ‘Concern’ over rapid growth in consumer credit
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
‘Concern’ over rapid growth in consumer credit PDF Print E-mail
Tuesday, 01 March 2016

The Bank of England has today published its January Money and Credit report, in which consumer credit was reported to have grown by £1.6billion in January, up 9.1 percent on a year ago.


Joanna Elson OBE, chief executive of the Money Advice Trust, the charity that runs National Debtline said: “Such rapid growth in consumer credit is something that should be of concern to us all. This latest spike in January comes on top of what was already a big rise in borrowing in the run up to Christmas – and we remain concerned that a minority are turning to credit to make ends meet.

“More borrowing is of course to be expected in an economy that is on the mend, but we must not underestimate how many household budgets have never really seen a recovery of their own. A large number of families are only just about getting by, and our message to them is to think very carefully before taking on more credit commitments.

“Anyone who is struggling to cope should instead seek free advice from a charity-run service such as National Debtline as early as possible.”
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 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

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


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