Industry News

Retailers welcome ‘record’ credit surge in Q1

The strong growth in the retail credit market is said to be mirrored across the wider consumer finance market, which expanded by 20% in May 2022 compared with the same month in 2021, reaching £10.4bn

The retail store and online credit sector welcomed its “faster ever” start to the year, as new business volumes reached £2.1bn in the opening quarter, according to the Finance and Leasing Association.

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