CCR Magazine, 25th September 2015, Latest monthly figures from the BBA
Nicola Georgiou, MD, Freedom Finance comments on the latest British Bankers Association (BBA) monthly figures:
“This month’s BBA figures are a clear indication that the credit market has turned a corner. Year on year, lending in the loan market has risen by 25%, showing not only that lenders are demonstrating a greater willingness to lend, but that loans are now available to more of the market, rather than just ‘perfect borrowers’.
“Whilst it is good news that lending is opening up, it’s vital that individual lenders and consumers ensure that all parties are making informed decisions when it comes to credit. For consumers this can mean using ‘soft search’ technology, such as Freedom Finance, to find the best available loans without a risk to credit scores.”