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Comment: consumer credit clampdown PDF Print E-mail
Monday, 16 October 2017
Tony Gundersen, UK Country Manager of short-term lender Ferratum, comments on the recent banking clampdown on consumer credit lending:   “The news that banks are clamping down on consumer credit will no doubt affect a number of borrowers across the UK. Whilst many may want to bury their heads in the sand and ignore this incoming change, it’s important that they understand the other avenues of credit available to them outside of the mainstream lenders.

"Households in the UK are becoming increasingly reliant on credit to supplement their monthly income, but it is crucial that these borrowers are realistic when it comes to how much they can repay to avoid adding to existing household debt.”

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