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Consumer finance up 11% in January PDF Print E-mail
Thursday, 10 March 2016

New figures released today by the Finance & Leasing Association (FLA) show growth of 11% in consumer finance new business in January, compared with the same month last year.

Credit card and personal loan new business together grew by 9% compared with January 2015, while retail store and online credit increased by 1%. The second charge mortgage market reported new business up 36% by value and 17% by volume over the same period.

Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “January saw growth across all of the main consumer finance products. Consumer confidence remains high with household spending expected to be the main driver of economic growth again this year.”

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