Are Credit Restrictions To Tough?

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Finance & Leasing Association have revealed that individuals looking to borrow money fell by six per cent in 2010. There was a decrease of sales in the month of December by five per cent, which is normally when consumers use credit the most.

More stringent lending requirements have meant that people have found it a lot more difficult to obtain credit.

The figures prove that shop sales were down and that December was a harder month than normal.

Click on the link below to read the article in full on The Independent website:

Ministers warned not to restrict credit too tightly

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