Faculty of law blogs / UNIVERSITY OF OXFORD

FCA publishes paper on consumer credit users


OBLB Editors


Time to read

2 Minutes

The FCA has recently published an occasional paper analysing the prevalence of financial distress, how this distress is related to consumer credit use, and whether financial distress can be predicted. Their findings suggest that a DTI ratio should be used in affordability assessments over other measures, particularly in the case of higher-cost products.

The FCA paper can be accessed here.


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