- Employment is on the up, and so too is consumer credit seeing a 10.3% rise in the past year but low interest rates remains the key attraction for borrowers.
- As 1 in 10 now have a personal loan, UK consumers are still not willing to let the market uncertainty of Brexit, dwindle their desire to live more aspirational lives.
- Credit is now used more freely to purchase holidays and home improvements, resulting a more socially acceptable attitude to debt.
The right kind of financial product is vital in a market dominated by choice and understanding consumers’ attitudes to finance is the key to success.
