According to credit card industry experts, finance for consumers in the UK is being strongly affected by the tightness of the credit card industry. Many consumers, experts say, could be struggling to make mortgage repayments and repayments on other more vital debts due to the credit crunch .
Credit conditions in the UK are tough, with lenders offering strict criteria and cutting down their ranges of products. More and more consumers are finding it difficult to access credit card deals, personal loans and other types of finance .
For the average consumer looking for credit, be it a credit card or a personal loan, times are tough in the UK market. Rising levels of credit card defaults sit alongside increased arrears and house repossessions .
Smaller credit card market could influence repayments
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Smaller credit card market could influence repayments
Thu, 29 May 2008
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