BUSINESS Credit Gap Mind the
cent) are currently at risk of being declined credit by mainstream lenders, according to ‘Mind the Credit Gap’ – a report which aims to better un- derstand the creditwor- thiness of the UK popu- lation, commissioned by aqua credit cards. The research, which was
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HE MAJORITY of peo- ple in Scotland (61 per
based on consumers answer- ing a typical industry credit check questionnaire, reveals that in general women and young people have less ac- cess to credit, with seven in 10 (69 per cent) women and eight in 10 (82 per cent) 18 - 24-year-olds failing to meet the criteria lenders typically look for.
Mind the Credit Gap notes that people from all walks of
of being declined. Most obvious are those who don’t have a credit history. This includes those who have re- cently moved to the UK or those who have never entered into a credit agreement before and therefore have no repay- ment records. But the research also shows that a third (34 per cent) of people in full time jobs, and 32
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