Changes in payday loans marketplace — a lot more accountable lending, a lot fewer indebted

Changes in payday loans marketplace — a lot more accountable lending, a lot fewer indebted

In the first half-year of 2016, the amount of pay day loans provided in Lithuania decreased by two-thirds 12 months on seasons, whereas the total amount lent to consumers halved. Credit lenders considered customer solvency a lot more responsibly. For the first time in history, loans overdue reduced in amounts.

‘Changes become evident. Active watch, more strict requisite of this laws on customer loans that arrived to energy at the beginning of the season, and opposition forced credit score rating lenders to fundamentally change their particular means and assess consumer solvency considerably cautiously. Leia mais