114 HCSTC Announcement -

114 HCSTC Announcement - hcstc HCSTC is just one credit option ○ The FCA found that when applicants were declined, 43% decided not to borrow at all, 25% borrowed from friends and family hcstc comparing HCSTC products? We welcome that the FCA has conducted a review of the practices of PCWs in the HCSTC market and undertaken consumer testing of the

hcstc For our analysis of the HCSTC market, we follow the FCA Handbook definition with the exception that we have widened the definition to include loans with APRs

hcstc We reviewed our HCSTC rules in 2017 We found that the 760,000 borrowers in this market have saved around £150m per year Our reforms have led HCSTC agreements 1 It will be often tempting for a borrower in financial difficulty to roll over his or her credit facility But such a