UCC Report 25 Per Cent Rise In Broker Applications

Wed, 02 Jul 2008

One of the UK’s largest unsecured loan providers has reported a 25 per cent rise in broker applications since the start of the year compared to the same period last year.

The Unsecured Credit Company (UCC) has built its business on assisting large institutions such as banks, building societies and large brokers in providing an alternative option to secured lending .

The company said the increase in applications for unsecured loans was driven by the credit crunch, which has forced advisers to look at further options for funding solutions to help clients .

UCC managing director Bill Clinton said the loan product is going to be on shopping lists of more brokers over the coming months.

"The volume of enquiries to UCC from the intermediary market has been rising exponentially from adviser firms of all sizes," he commented.

"I think it is a testament to the tenacity of intermediaries that they are prepared to go the extra mile to fulfil clients’ wishes for finance and at the same time many have found just how important a role unsecured loans can play in their advice process," added Mr Clinton.
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