S&U - Positioning for sustainable growth
S&U’s non-prime motor finance business has experienced a further increase in the rate of impairment as some of its customers have been pressured by real income constraints and use of newer short-term credit products. Tighter criteria have been adopted in response and should reverse this trend while the Aspen property bridging pilot, if given the go ahead, should provide a useful additional source of growth in a specialist market.S & U is engaged in the provision of consumer credit and car finance throughout the United Kingdom.
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