FLA members provided £60.2 billion to the consumer sector in 2008, representing almost 30% of all unsecured lending in the UK. Included in this is £18.1billion of finance provided to the motor sector. FLA members financed more than 50% of all new car registrations in the UK in 2008.
Our members include banks, subsidiaries of banks and building societies, the finance sections of leading retailers and manufacturing companies, and a range of independent firms. They provide a wide range of facilities, including finance leasing, operating leasing, hire purchase, conditional sale, personal contract purchase plans, personal lease plans, secured and unsecured personal loans, credit cards and store cards.
FLA campaigns for best practice in lending and leasing. This site provides guidance for consumers on the types of finance products (explaining some of the words used), money advice, guidance on how credit decisions are taken and what happens when you want to repay your loan early. You will also find tips on credit repair, fraud prevention and our guide to financing a car.
Our Lending Code sets out standards of good practice for the finance and leasing industry. It is intended to reassure anyone who applies for finance from full members that they are doing business with reputable organisations.
