Consumer credit recovery `delayed by borrowers repaying debt`
Posted in: news, By: admin, At: May 17th, 2010
The consumer credit market will return to growth in 2011, but will shrink slightly this year as borrowers focus on paying down debt rather than borrowing more, according to research from Datamonitor.
The business information group said it expects gross lending to increase to £25.8bn next year, but only after a fall to £24bn (from £27bn) this year.
