ADVERSE CREDIT: THE FASTEST GROWING NICHE MARKET?
Hi. I’m Rob Barnard, Director of Sales at Pepper Money.
I’d like to talk to you about your fastest growing niche market – adverse credit.
Our research shows that 30% of advisers have seen an increase in the number of clients with adverse credit, and 85% of brokers expect to be involved in cases with adverse credit in the future .
This isn’t surprising.
There are so many ways to trip up nowadays. Just think about all of the credit agreements you have.
Credit cards, store cards, utilities, car finance, mobile phone contracts and overdrafts are just some of the ways that people in the UK racked up £1.578 trillion in borrowing by February 2018. 
It is no wonder then that the number of CCJs issued against consumers has risen steadily every year since 2008. 
But it is also worth noting that the average value of a CCJ in 2017 fell by 17% on 2016. So, more debt judgements are being handed out, but for smaller infringements. 
Borrowers who have suffered a financial setback might get back on their feet fairly quickly, but the effects of an adverse credit record can be longer lasting.
Which is why, at Pepper, we look beyond a customer’s credit score to consider their true circumstances. We don’t credit score to make decisions or to determine product selection. What you see is what you get.
Our lending decisions are made by skilled and mandated underwriters and our criteria makes it easier to place your adverse credit cases.
We don’t put a value limit on CCJs or defaults, they don’t need to be satisfied and they can be registered as recently as seven months ago. We are also able to provide debt consolidation to our maximum LTVs and we have a special product range for customers in Debt Management Plans.
If you’re interested in finding out how Pepper can help you to place more of your adverse credit cases, visit our website at www.pepper.money - No ‘.com’ required.