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AtW
12th October 2017, 10:07
Banks heed Mark Carney's warning to crack down on credit card lending

UK banks reined in unsecured lending in the third quarter and are expected to tighten availability further in the future, the Bank of England's Credit Conditions Survey just released has shown.

Default rates on credit cards and other unsecured lending are on the rise but banks heeded Mark Carney's warning on ballooning consumer credit with unsecured lending availability falling at its fastest pace since 2009 as banks tighten up credit scoring criteria.

The Bank of England warned a few weeks ago that British high street banks could lose as much as £30bn from defaults on credit cards and personal loans credit as the £200bn consumer debt pile grows at an alarming pace.

The central bank's Financial Policy Committee warned that ballooning consumer credit is a "pocket of risk" but acknowledged that the quality of consumer credit has improved.

Banks heed Mark Carney's warning to crack down on credit card lending (http://www.telegraph.co.uk/business/2017/10/12/fed-divide-inflation-helps-sterling-rebound-against-dollar-ballooning/)

No more balance transfers for MF :frown

Mordac
12th October 2017, 10:41
What's that they say about horses and stable doors?

barrydidit
12th October 2017, 10:45
What's that they say about horses and stable doors?

Wasn't that the title of NLyUK's latest..ehem..'art house production'?

northernladyuk
12th October 2017, 10:46
Wasn't that the title of NLyUK's latest..ehem..'art house production'?

NLUK and Mordac starring in Barnyard Bitches 2049.




Mind you, anything is better than another in the Wanking Dead series.

Mordac
12th October 2017, 11:55
NLUK and Mordac starring in Barnyard Bitches 2049.




Mind you, anything is better than another in the Wanking Dead series.

We all had to start somewhere, love...:emb