Personal loans scarier than autos, say investors
Over the course of the summer the Bank of England and much of the media has been anxious about the growth of the UK auto lending sector, but ABS market participants say the worries are focused on the wrong sort of consumer finance.
The Bank of England has sounded the alarm about the growth of auto lending in the UK, particularly the increase in personal contract purchase loans.
But according to ABS investors, the Bank is looking in the wrong place — and its biggest concern should be unsecured personal
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