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    • neha3108 (H7mrmg50)
    • By neha3108 (H7mrmg50) 7th Jul 17, 1:01 PM
    • 5Posts
    • 2Thanks
    neha3108 (H7mrmg50)
    How will the Bank of England cracks down on credit affect stoozing?
    • #1
    • 7th Jul 17, 1:01 PM
    How will the Bank of England cracks down on credit affect stoozing? 7th Jul 17 at 1:01 PM
    Hello all,

    I've been lurking around on this forum for years. Finally decided to join the community that has helped me so much!

    What are your opinions on how will the Bank of England's cracks down on credit affect stoozing?
Page 1
    • StopIt
    • By StopIt 7th Jul 17, 1:15 PM
    • 1,395 Posts
    • 1,250 Thanks
    • #2
    • 7th Jul 17, 1:15 PM
    • #2
    • 7th Jul 17, 1:15 PM
    It'll not do anything pretty much.

    it's not a crack down so much as a reminder to lenders that they're meant to adhere to their lending criteria.

    As those Stoozing generally pay back their "debts" as the debt is literally on paper only, I doubt much will change at that end. Maybe A few companies will offer a bit less, but as this is the BoE telling lenders to manage their risk, culling risk-free custom is not what the response should be.
    • Thrugelmir
    • By Thrugelmir 7th Jul 17, 8:51 PM
    • 58,490 Posts
    • 51,854 Thanks
    • #3
    • 7th Jul 17, 8:51 PM
    • #3
    • 7th Jul 17, 8:51 PM
    By forcing lenders to hold more capital on their balance sheets. Then lenders will need to earn more money on the money they lend out. By one method or another. The net effect will be to tighten the screw a little.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
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