Credit Week – Commences 28 March 2017

Events | 08/12/16

In March 2017, a group of people who have provided more than £1.5 trillion to the British public will hold an unprecedented gathering in London, in what is being declared the UK’s first ever national Credit Week.

While the entirety of the UK runs on credit – some £1.3 trillion in mortgages, plus £188 billion in consumer loans, from cars to credit cards* – this vast industry has never been brought together to discuss the challenges faced by creditors and their customers alike, until now.

In the week commencing 27th March, a series of parliamentary events, conferences, and debates will see MPs, CEOs, regulators and academic experts meet to discuss how to feed the UK’s demand for affordable credit, and how to protect consumers from problematic debt.

“Credit is a fundamental social contract” said Luke Broadhurst, director of Credit Strategy, the firm behind the establishment of Credit Week. “We all rely on Credit on a daily basis; we have a right to it. But the system only works so long as we trust lenders to give us a fair deal – and lenders can trust us to keep to our commitments.”

“Credit Week is about those rights and those responsibilities – it’s about the way banks talk to their customers, the data they collect, the products they offer and the strategies they have in place to help us when we run into difficulties. It’s also about helping people better understand credit – from scoring all the way through to collections – so they can make the most of this incredible product.”

Some 1,500 leaders in credit are expected to attend events throughout the week – from banks and building societies, through to credit management companies, local and central government bodies, utility providers and credit reference agencies.

Mike Jeapes, head of production for the week, said: “This is a gathering of everyone involved in providing credit to people and small businesses in the UK. To put it into perspective – London Fashion Week represents an industry worth £26 billion per year**. Credit professionals lend more than that every month.”

“But there’s room for it to get even bigger. If your organisation wants to hold an event as part of Credit Week, if you want us to hold it for you, or even if you just want to use the Credit Week logo, get in touch and let us know. With all the UK’s credit experts in one place for the week, there’s no better opportunity to get involved in this industry.”

Full details of Credit Week, including individual events and agendas, can be found here.

* statistics from the Money Charity

** statistics from the British Fashion Council