Canary in the Coal Mine? COVID-19 Crisis Having Severe Impact on Consumer Credit Markets as Online Lending Sinks

“We’ve seen a significant contraction in the market with a reduction of 30 to 40% in the demand for personal loans. It’s our view that the fall in demand is being driven by faltering consumer confidence due to job insecurity and economic uncertainty amongst other… Read More
Read more in: Fintech, Featured Headlines, General News, Global | Tagged australia, coronavirus, covid-19, david brooks, greg cox, monevo, online lending, poland, uk