Unsecured lending... credit cards and loans
Tomorrow (Thursday morning) at 09:30, the Bank of England is publishing its quarterly Credit Conditions report for Q4 of last year, showing, among other things, how much credit and unsecured loans people took out in Q4 of last year. Few Qs…
- In your experience, did a lot more people resort to credit cards and unsecured loans just to keep their heads above water in Q4? Has that continued into 2023?
- Has it become a lot harder to get credit and unsecured loans now? Have the banks tightened their criteria?
- Have rates on credit cards and personal loans gone up in recent months as lenders factor in the added risk?
