Welcome Finance is to stop lending to new
customers, it was announced.
customers, it was announced.
The sub-prime hire purchase provider’s parent
company, non-prime lender Cattles, announced that new business
acquisition has been “temporarily [suspended] with immediate
effect”, citing the need to “preserve liquidity in the
business”.
company, non-prime lender Cattles, announced that new business
acquisition has been “temporarily [suspended] with immediate
effect”, citing the need to “preserve liquidity in the
business”.
Cattles earlier abandoned its bid to acquire a
banking licence, announced 1,000 job cuts, and restricted
lending volumes by 75 per cent.
banking licence, announced 1,000 job cuts, and restricted
lending volumes by 75 per cent.
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