Home Credit Market Opened Up
CC Opens Up Home Credit Market to CompetitionCompetition Commission Press Release30 November 2006
The Competition Commission (CC) is to introduce measures to
increase competition in the home credit market and lower prices
for customers. The measures are detailed in the CC's final
report, published today, into the home credit market and include
a requirement for home credit companies to share data on their
existing customers' payment records to open up the market to
greater competition from other lenders and make it easier for
these customers to access other forms of credit.