Unsecured Loans - UK - January 2018
“The unsecured loans market has experienced continuing growth over the last five years due to strong consumer confidence and record-low interest rates. However, looking ahead concern over rising levels of household debt has resulted in government intervention which may slow growth in this market”.
– Sam Marks, Financial Services Analyst
This report examines the following issues:
Open Banking is the next stage of evolution for arranging and managing personal loans
Traditional lenders are best positioned in the market
Soft-searches help find acceptance
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