The UK consumer credit market's poor performance, which began in 2005, continued through Q2 2007. Moreover, recent events in the US sub-prime mortgage market and the global credit crunch will impact upon the market in the short term as lenders raise their prices and reject more applicants. Indeed, the consumer credit market is expected to dip in 2007 before seeing a slow revival thereafter.
24 Oct 2007, 09:14 GMT
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