UK lenders could lose £30bn in the next downturn

By: Credit 4 Everyone0 comments

UK Lenders could lose £30bn in the next downturn as UK Householders debt levels surge. If there was to be a Sudden Shock to the Financial System such as a crash in house prices there is a good chance of credit defaults, this could send ripples through the financial markets and lenders could lose as much as £30 billion.

British Households are going Credit Crazy with Overdrafts, Loans, Car Finance and Credit Cards, Unsecured debts have now reached £203 billion.


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