All Change in the European Lending Market

Strugnell, Karen
February 2008
Credit Control;2008, Vol. 29 Issue 2, p48
Trade Publication
The article reports on the increase in average credit card debt in Great Britain. It states that the growth prompted by the ongoing worldwide credit crunch and the increasingly higher interest rates given to credit card customers. It also explores the different perceptions of debt throughout Europe, the potential impact on the industry of the European Directive on consumer lending and the role of technology in helping lenders to manage the associated risk.


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