The "UK Non-Prime Consumer Credit: Market Insight Report 2023" report has been added to ResearchAndMarkets.com's offering. Review of the non-prime, or high-interest, consumer credit market. It describes
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There were 10,321 complaints about these lenders in the last 3 months of 2020
Guarantor loans are aimed at less creditworthy borrowers and have high APRs
They can see friends and family have to foot the bill if a borrower can t pay
There are increasing complaints that such loans have been mis-sold and were unaffordable
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