I don’t know how many of you use this unsecured lending; I do use it, but I only use it through my credit card. The categories that have me worried are not the credit card lending or overdraft facilities, but it is actually more the personal loans and we would want to get to understand what is actually driving this.
These factors are creating a divide between a few fast growing large firms and many small ones struggling to keep up, which is preventing our economies from taking full advantage from technological progress. These are critical issues, whose relevance can hardly be overstated.