Sharp Drop in High-Street Lending As Shoppers Shun Store Cards

Summary


CONSUMER borrowing continued to fall during October, driven by a sharp drop in high-street lending, figures show.

Total lending by members of the Finance & Leasing Association fell to pounds 3.93bn during the month, 8% less than in October 2009.

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Extract


Sharp Drop in High-Street Lending As Shoppers Shun Store Cards

But far bigger falls were recorded in some areas. Borrowing ...

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