Consumer confidence in the personal loan and credit markets remains particularly weak at the moment, as many consumers are tightening their belts and trying to cut back on the number of loans they take out and generally reduce their debts, with car loans appearing to be the one exception. The latest figures from the Finance and Leasing Association (FLA), have shown that in March this year, the number of personal loans and credit agreements being taken out by consumers in the UK had fallen be around 7 per cent from the same period twelve months earlier. Whilst overall lending dropped by 7 per cent, credit card borrowing fell by 8 per cent and the number of personal loans taken out had fallen by 15 per cent
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Car Loans Buck The Trend
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