LONDON (Reuters) – One morning, after years of financial prudence and solid creditworthiness, you wake up and its all gone. Youre no longer worthy. Youre a risk. In fact, youre sub-prime.
That is the fate facing thousands of Britons who, often for no fault of their own, could begin 2021 as subprime borrowers if they have had more than six months of relief from COVID-19 debt woes.
This could have dire consequences for people who have historically struggled to access credit, especially those on lo…
Read the full article at: https://www.reuters.com/article/uk-health-coronavirus-britain-credit-ins/from-haves-to-have-nots-how-covid-19-is-swelling-uks-subprime-ranks-idUKKBN27Y0J0