RE: RESPONSABLE LENDING17 Dec 2020 20:42
Totally agree HH
Lets say that with all the government support it still means we get to a worst case estimates of 3.5m unemployed
And every one of them comes out of estimated market of 10M
Out of the 6.5M left there will be a good number that want a holiday, pay of xmas, or pay down credit cards as they've only been earning 80% for 12 months. Remember banks have been giving mortgage holidays, lending money to support businesses so might not be keen to lend to jo public as they will still be accessing their risk from those outcomes
Then as we reduce unemployment and the world gets back to normal there will be more bad credit attached to people through no real fault of their own who will need/what to rebuild credit rates
Market made for Amigo and we know they are also launching new range of products to take advantage