PPI Payouts Contribute to Increased Peer-to-Peer Lending Across the UK States PPI Claims Company
The financial industry in the UK has witnessed an interesting development that is occurring not among big banks but instead between average people with bank accounts. In the last year £250m has been loaned through peer-to-peer lenders. That is the largest amount ever recorded, which demonstrates that this lending method is set to rival traditional banking products. The increase in peer-to-peer lending is, in part, down to the rise in the average UK savings account balance due to savers receiving...
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