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Tory Brexit DOOM™: Kredit Kards

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    Tory Brexit DOOM™: Kredit Kards

    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

    No more balance transfers for MF

    #2
    What's that they say about horses and stable doors?
    His heart is in the right place - shame we can't say the same about his brain...

    Comment


      #3
      Originally posted by Mordac View Post
      What's that they say about horses and stable doors?
      Wasn't that the title of NLyUK's latest..ehem..'art house production'?

      Comment


        #4
        Originally posted by barrydidit View Post
        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.

        Comment


          #5
          Originally posted by northernladyuk View Post
          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...
          His heart is in the right place - shame we can't say the same about his brain...

          Comment

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