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Factoring & Invoice Discounting

Manifesto store card restrictions will damage High Street, says FLA

By CreditMan Tuesday, April 13, 2010

Responding to political party manifesto pledges on store cards, Fiona Hoyle, FLA Head of Consumer Finance, said

“Store cards make up less than 1% of unsecured lending, have low borrowing limits and most people use their cards sensibly. They remain very popular with consumers but not with politicians. Further restrictions on store cards could adversely affect economic recovery on the High Street and consumer choice.”