Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in October 2025 by 6% compared with the same month in 2024. In the ten months to October 2025, new business in this market was 5% higher than in the same period in 2024.
The credit card and personal loans sectors together reported new business 3% higher in October than in the same month in 2024, while the retail store and online credit sector reported a fall in new business of 5% over the same period.
Commenting on the figures, Geraldine Kilkelly, Director of Research and Chief Economist at the FLA, said “The consumer finance market has reported new business growth in each month of 2025 so far. The latest market data shows growth across most of the main finance products.
“With growth in real disposable incomes expected to slow, consumer credit will continue to play an important role in supporting households manage their budgets and make essential purchases. FLA consumer finance providers are on track to report a record level of new business in 2025 of almost £122 billion.”
New consumer credit lending
| Oct 2025 | % change on prev. year | 3 months to Oct 2025 | % change on prev. year | 12 months to Oct 2025 | % change on prev. year | |
| Total FLA consumer finance (£m) | 10,304 | 6 | 31,421 | 5 | 120,883 | 5 |
| Data extracts: | ||||||
| Retail store and online credit (£m) | 850 | -5 | 2,253 | -5 | 9,138 | -3 |
| Credit cards & personal loans (£m) | 5,319 | 3 | 16,012 | 4 | 63,235 | 4 |
| Second charge mortgages (£m) | 223 | 32 | 601 | 28 | 2,045 | 23 |
| Car finance (£m) | 3,371 | 8 | 10,893 | 6 | 40,764 | 6 |
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