New Approach to Consumer Credit

It is important to have in place a personal finance market which meets the diverse needs of UK consumers and offers them the right level of protection against unfair business practices. To achieve this, it is necessary that: 

• Access to credit lines for the most vulnerable in society maintained
• Fewer people take on unsustainable levels of debt
• Help is available for people to keep their finances at manageable levels
• Businesses are profitable and treat their customers fairly

A package of measures has been implemented including a review of the Credit and Store Card market to achieve a new approach to consumer credit.

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