Joanna Elson

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Last quote by Joanna Elson

Consumer credit is continuing its relentless growth, and these figures show that the Bank of England was right to act this week to curb the huge growth in household borrowing we are seeing. While most households can cope with this extra borrowing at the moment, the risk is that many people could find themselves exposed to financial difficulty should their circumstances change. In these uncertain economic times, households should be cautious about taking on extra borrowing – and consider how they would be able to cope with their repayments in the event of a shock to their income.feedback
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Jun 29 2017
We found 4 articles in which Joanna Elson said something. The most recent Joanna Elson’s quote is: “It is worrying that the number of CCJs issued has been increasing so dramatically. The sharp spike in the first quarter follows a general increase we've seen in recent years and is likely due to a number of factors including an overhang from the financial crash with debts coming to the end of the period in which creditors can take action, more people now struggling to balance household budgets, and a change in approach by some collection agencies. There's a strong chance that this trend will continue as people feel rising inflation levels eating into their wages.”. In addition, all sources we refer have quoted Joanna Elson 6 times. On this page, you will find all of Joanna Elson’s quotes organized by date and topic.
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Quotes by Joanna Elson

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