Cofidis: loaning openness has increased, but still low

According to the second quarter survey of the Cofidis Credit Monitor, the ratio of new borrowers is still low, although the loaning openness has increased, it is still low.

The survey shows that half of the 18-69 year old population are still paying back their loans 31 percent repays one, 19 percent more than one loans.

The proportion of new borrowers compared to the first quarter remains low. In the second quarter, 7 percent of the 18-69 year olds took up a loan, primarily checking account and credit card loans and hire purchase loans (2-4 percent). In terms of loans the 30-39 age group was the most active (13 percent).  (MTI)