Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

FLA research finds rise in loan claims

Brits made more loan claims and credit card charges during the second quarter of 2012 than they did in the previous year, a study has shown.

However, figures from the Finance & Leasing Association (FLA) revealed the growth in the amount of cash borrowed from FLA members providing this funding option realised an annual increase of just one per cent over the timeframe.

Overall, £8.134 billion was sourced by British consumers through these organisations over this period, while £32.902 billion was taken out over the year leading to June 2012.

The most substantial rise seen in the amount of consumer credit borrowed was seen in the store instalment credit market, which grew 25 per cent in the second quarter when compared with the same three months in 2012.

Consumers typically use this source to purchase washing machines, fridges, electronics and larger electronic appliances.

This growth "has been helped by the good deals currently on offer via retailers", FLA head of consumer finance Fiona Hoyle said.

Charles Baker
Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801427750-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide