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Article: Secured Personal Loans Still a Safe Bet.
- Article from:
- M2 Presswire
- Article date:
- October 15, 2007
CopyrightCOPYRIGHT 2007 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-15 October 2007-DATAMONITOR: Secured Personal Loans Still a Safe Bet.(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:17102007
A new report by independent market analyst Datamonitor expects the UK secured personal loans market to expand from GBP7.5 billion in 2006 in terms of gross advances to reach GBP10.2 billion in 2011, growing at a compounded average annual rate of 5%. This is despite the recent events in the US sub-prime mortgage market and the global credit crunch, which have caused a few lenders to pull out of the market temporarily or indefinitely. "The US sub-prime mortgage crisis and global credit crunch will affect the market in the ...