Credit rating — high-cost short-term credit financing data
Credit rating — high-cost short-term credit financing data This site highlights new findings concerning the high-cost credit that is short-termHCSTC) market, drawing on both the brand new regulatory return information and our Financial Lives Survey 2017. Here is the time that is first have actually posted regulatory information regarding the HCSTC market built-up from returns submitted by credit rating businesses towards the FCA. We make use of this information to monitor the HCSTC market and notify our direction of companies along with other functions that are regulatory. Key findings Present HCSTC market and styles • over 5.4 million loans had been produced in the 12 months to 30 June 2018 • lending volumes have actually increased since 2016, but stay well below amounts observed in 2013 • the most effective…