Brits made more loan claims and credit card charges during the second quarter of 2012 than they did in the previous year, a study has shown.However, figures from the Finance & Leasing Association (FLA) revealed the growth in the amount of cash borrowed from FLA members providing this funding option realised an annual increase of just one per cent over the timeframe.Overall, £8.134 billion was sourced by British consumers through these organisations over this period, while £32.902 billion was taken out over the year leading to June 2012.The most substantial rise seen in the amount of consumer credit borrowed was seen in the store instalment credit market, which grew 25 per cent in the second quarter when compared with the same three months in 2012.Consumers typically use this source to purchase washing machines, fridges, electronics and larger electronic appliances.This growth "has been helped by the good deals currently on offer via retailers", FLA head of consumer finance Fiona Hoyle said.Charles Baker Charles is a reputed financial analyst with decades of experience under his belt.
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