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Third of lenders report rising defaults over past year

Third of lenders report rising defaults over past year

Lenders have reported rising defaults

Nearly a third of lenders have seen higher numbers of defaulted loans over the past 12 months, new research has found. A new report from AI-backed transaction analytics firm Fuse also discovered that 31 per cent of borrowers have been rejected by lenders due to failing affordability checks in the last 12 months. Two thirds […]

The post Third of lenders report rising defaults over past year appeared first on Peer2Peer Finance News.

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