Election unlikely to alter consumer appetite to borrow.

In a recent survey commissioned by LendFair 76% of those questioned said a change of Government from the coalition to Labour would not alter their borrowing plans.

 

Further, 17% of those surveyed said they would borrow less under a newly elected labour government.
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Over 1.3 million people will consider borrowing from a ‘loan shark’ this year

Survey reveals a worrying trend now that payday lenders have been regulated 

Guarantor Loan specialist LendFair commissioned a survey which reveals that over 1.3 million adults in the UK will use or be tempted to use a loan shark in the next 10 months and this figure is expected to rise now that new regulations are in place for pay day lending. The survey was designed to highlight borrowing habits across the UK but unearthed a number of unexpected facts that include the following:
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