HCSTC OÜ E-Krediidiinfo

HCSTC and the promotion of irresponsible borrowing behaviour Page 4 Trivialisation in short-term high-cost credit advertisements Advertising Guidance:

HCSTC OÜ E-Krediidiinfo HCSTC is just one credit option ○ The FCA found that when applicants were declined, 43% decided not to borrow at all, 25% borrowed from friends and family

HCSTC and the promotion of irresponsible borrowing behaviour Page 4 Trivialisation in short-term high-cost credit advertisements Advertising Guidance:

hcstc On 1st April 2014, the FCA took over the regulation of consumer credit firms, including those providing high-cost short-term credit (HCSTC or so

HCSTC consumers usually possess one or more of the attributes at that end of HCSTC to subprime borrowers See: Consumer Finance Association

hcstc HCSTC) unsecured loans business This review is focussing on H&T's creditworthiness assessments and lending processes for HCSTC loans, in

Future reform of the HCSTC should consider further interventions at the level of digital interfaces, including the websites and mobile applications of lenders