Sunday, 26 December 2010
People heading towards Logbook Loans with the Changing Economic Scenario
The rising figures in lending As the Bank of England has thrilled the public with a piece of news that the total net lending to individuals has increased by £0.3 billion in October(2009), that has lead the annual growth rate to fall from 0.8 per cent to 0.7 percent in October. But, for the last three consecutive months 0.3 percent of annual growth has been observed. As the net lending on secured dwellings has also shown a spike growth of £0.9 billion, which means 0.1 per cent of increase has been witnessed as compare to the previously recorded data. Hence, this rising graph of figures indicates that the country is moving towards recovery and people are feeling much secured in obtaining loans. The analysis of the data The rising
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