Banking the under-banked: the growing need for near-prime credit

Banking the under-banked: the growing need for near-prime credit

That will part of to provide the clients regarding the a lot more than 1,400 credit rating companies which have either been refused authorisation or withdrawn their applications since the Financial Conduct Authority started managing the sector in 2014 april? Although the FCA’s efforts to drive away sub-standard techniques and enhance client results can be welcomed, the regulator needs to be mindful of where customers formerly served by such businesses will now find credit – in particular, there clearly was a danger individuals will look to unauthorised loan providers.

You will find more and more such clients. Continue reading Banking the under-banked: the growing need for near-prime credit