Into the mid-2016 there have been almost cuatro thousand people using peer-to-peer lending programs, and almost 380 thousand customers away from cash advance companies
In the first 50 % of-year of 2016, the volume out of payday loans provided for the Lithuania ount lent so you’re able to people halved. Credit lenders reviewed consumer solvency more sensibly. For the first time at this moment, credits overdue low in amount.
‘Alter is obvious. Effective oversight, more strict conditions of the Rules towards Individual Loans that came into push at the beginning of the entire year, and you can battle pushed borrowing from the bank loan providers so you’re able to ultimately change their strategy and you can assess buyers solvency much more carefully. Most of these change alleviate the overdue financing repayment burden, that can mitigates the possibility of significant social effects,’ told you Vitas Vasiliauskas, Chairman of one’s Panel of one’s Bank away from Lithuania.
Later, a working category was created within the Seimas adjust new Legislation to your Credit rating
In the first 1 / 2 of-12 months away from 2016, the entire level of the brand new pay day loan offered, compared to the earlier in the day half-12 months, reduced by 68.eight per cent – to 130 thousand; in the same period, the degree of payday loan provided decreased by the half – to EUR 65 billion, its low value once the 2013.
Consumer credit lenders analyzed user solvency even more very carefully. In the 1st-half-year regarding 2015, everything 40 per cent from individuals was basically supplied an instant payday loan; year towards the season, the brand new display regarding accepted applications contracted to twenty six percent. Continue lendo