Trends are not just improving on a quarter on quarter basis either as the Q3 figures also beat that of the same period in 2011, when just £81 million was borrowed in the UK. £98.3 million is also the most that has been lent in a single quarter since Q4 of 2009.
The information can also be relied upon, as the survey was compiled taking data directly from reputable UK lenders.
Joint managing director of one of the country’s top loan companies said of the latest statistics; “September is the third consecutive month that secured loan lending has surpassed £30m and, naturally, I am pleased with the success we have seen in the secured loan sector in such a short time.”
This news will not only please lenders, but also the general public who may have lost faith in personal finance during the financial doom and gloom that has ensued of late. It could lead borrowers to realise that practical solutions are still available.
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