It is vital that lenders understand the personal impact of the coronavirus pandemic
Industry News | 16/09/20
Our capital city is expensive. Many of us rely on credit to make ends meet here.
We are also a city made up of renters, recent immigrants, gig workers and young professionals – many of whom will, through no fault of their own, struggle to access credit. They are invisible to lenders and therefore denied the opportunity and freedom that credit provides.
Research run by Aire in February showed us that one in five Londoners struggled to keep up with payments – twice the national average. Six months on from the start of lockdown, we do not need to repeat the research to know that these figures are rising.
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