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Credit Nation survey kicks off probing persistent debt

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CREDIT TODAY has launched its first ever Credit Nation survey, taking stock of a key issues in the credit industry among practitioners – the first being persistent debt – with Fintech Paylink Solutions.

The title aims to kickstart its regular review of the credit industry to assess where the industry has come from, where it is now and, most importantly, where it’s going.

“We need data, stats, information, comment and opinion to shape our industry for the future and we hope you can help,” said publishing director Gerard Dugdill “There’s never been a more exciting time to plot our future course. We want to be and will be world class.”

Paylink Solutions’ CEO , Susan Rann, said: “As you will know, the financial conduct authority (FCA) recently introduced new rules to help credit card customers who are thought to be in persistent debt.

“This new initiative by the regulator involves contacting people who have only been paying the minimum amount every month on their credit cards and subsequently not likely to ever repay the full amount.

“The FCA has instructed credit card providers to put measures in place to find out whether these customers can increase their payments – or if this isn’t possible, offer them a more suitable solution.

“This is a very interesting move by the FCA, which not only affects customers, but also credit card providers – both operationally and financially.”

You can access the first ever Paylink Solutions survey here

Dugdill added: “We’re proud and grateful to link up with the great team at Paylink Solutions to find out a bit more about what the industry thinks of this new initiative and how it’s responded to the regulator’s new guidelines.”

So turn your emails off for a few mins, grab a cuppa and take a bit of time out to provide your thoughts.

Entrants will be added to prize draw for to win a £50 Amazon voucher.
For more info, contact Gerard Dugdill gd@credittoday.co on +44 (0)7900 267988, or pressoffice@paylinksolutions.co.uk

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