Occasional Paper No. 20: Can we predict which consumer credit users will suffer finan

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Occasional Paper No. 20: Can we predict which consumer credit users will suffer finan

3rd August 2016, 09:50:AM

People suffer financial distress when they face financial and non-financial difficulties from repaying their outstanding debts. This paper analyses the prevalence of financial distress, how this distress is related to consumer credit use, and whether financial distress can be predicted. We aim to inform discussion about how consumer credit lenders should evaluate whether lending to an individual is likely to lead to financial distress (i.e. is “unaffordable&rdquo.

http://www.fca.org.uk/news/occasional-paper-no-20

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Occasional Paper No. 20: Can we predict which consumer credit users will suffer finan

Occasional Paper No. 20: Can we predict which consumer credit users will suffer finan

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