The consumer may feel the need to take out even more credit in order to meet the existing repayment obligations in such a situation.

The consumer may feel the need to take out even more credit in order to meet the existing repayment obligations in such a situation. In terms of the consumer’s creditworthiness assessment is worried, the difference between a “lender-focused” and a “borrower-focused” test made by the United Kingdom’s FCA is especially useful in determining the range […]