James Falla, managing director of Thomas Charles, stated that the actions of online
Earlier this month, over 16,000 egg
Mr Falla explained that these customers were actually costing egg money in the long-run.
Although he claimed not to have seen a dramatic upheaval in store card credit and availability, he added that there have been some changes.
Providers who would have previously lent a borrower £10,000 may reduce this to £5,000, he added, as restricted access to credit may impact on available limits.
“I do also believe that some providers are looking more closely at what you might call high-risk clients and turning perhaps more applications down,” Mr Falla said.
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