Subprime lender Morses Club is benefitting from internal changes and the reduction of competition as its progress to creating a broader offer “continues apace”.
It has doubled customer numbers and trebled the loan book in its digital lending division since February, and believes “the quality of the lending in the digital division remains high”.
Morses Club chief executive Paul Smith said: “We have seen strong demand for our products as the market has re-opened and with the ongoing economic recovery we expect this to continue….”
Morses Club PLC (LON:MCL) is an established, relationship-driven consumer finance provider offering a range of credit products and delivering exceptional services to customers in the non-standard finance market.