British Credit Trust (BCT) has started
taking on new business once again, as of May 19.
The subprime motor finance house
suspended new lending business in December 2008, but has now
returned to the market, said Nick Brushett of brokers Pinnacle
Financial Contracts.
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“It is great news for the market. BCT
was without doubt the biggest sub-prime lender, and will be once
again,” Brushett said.
BCT fills an important gap in the
market, which had not been fully plugged by the smaller sub-prime
players, Brushett added.
“BCT is more willing to look at higher
balances to allow non-prime customers to buy newer, better cars,”
he said.
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