S&U, which provides car finance through Advantage Finance, said trading conditions had been ‘burdened’ over the first half of its financial year.
The company referred to a recent ruling in the Court of Appeal that it was unlawful for car dealers to receive commission from lenders without fully informing customers of the arrangement. This contributed to a 33% drop in advances, meaning short-term credit, so far this year compared with last year.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder: