It’s being reported in the media this week that despite mortgage approvals remaining stagnant, consumer lending in Britain rose by 6.4% in October, confounding market expectations. Consumer lending hasn’t grown this fast since July 2006, so it seems that both lenders and borrowers are feeling a surge of confidence in the wake of the Government’s heavily touted financial recovery.
That doesn’t mean it’s any less risky or difficult to lend in the unsecured sector. With the FCA hot on the heels of payday lenders to lend their money responsibly, creditors must maintain a vigilant and cautious approach to handing out personal loans without security.
It’s also the case that when things go wrong in the unsecured market, getting lenders money back is far more difficult. Collection techniques have to be speedy and focussed – and MUST include the option to quickly have a field agent on the customer’s doorstep the moment that customer withdraws their co-operation with the creditor.
That’s where Ethicall comes in. With our sophisticated online systems, professional, dedicated field agents, and our famous attention to detail, you could have a credit industry expert knocking on the customer’s door on the very same day you lose contact with them.
With that kind of service at your disposal, lending with confidence is so much easier.
Give Geoff Poundes a call on 07515 286863 and he’ll talk you through how to make it happen.