December 1, 2022

Virgin Cash says credit score high quality stays ‘strong’

Virgin Money says credit quality remains ‘robust

Virgin Money says credit quality remains ‘robust

UK lender Virgin Cash has mentioned credit score high quality stays “strong” regardless of deterioration within the financial system and clients having “tough choices” to make.

On the similar time, the financial institution famous that with inflation hitting customers’ pockets, spending on necessities jumped this 12 months. Chief government David Duffy mentioned spending on groceries rose round 60 per cent, and power invoice spending was up about 57 per cent.

“Whereas we’ve strong credit score high quality throughout our lending, we’re conscious that…

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