credit news and archive

China targets booming online lending as crisis fears build

When Jia Xinru needed to borrow money to buy new clothes, order food and buy a projector to screen Breaking Bad on her wall, she had instant access to China's growing number of lenders via her mobile phone. The 24-year-old secretary is among millions of Chinese who have turned to proliferating online companies that dish out quick loans -- and...

Fashion

Next battles for credit customers

Next, once the stalwart of the British high street with a catalogue business many companies aspired to, is this week to reveal a decline in customers purchasing goods with its high-interest credit option. Despite a tripling of the company's share value in the past three years, Next will likely report a 3 percent fall in the number of shoppers...