Half Year Results 

H&T targets lower risk lending

H&T targets lower risk lending

Given the inherent unpredictability of the gold price, H&T's (HAT) strategy of diversifying further towards personal loans make sense. To that end, the pawnbroking specialist grew the personal net loan book by more than three-quarters during the first-half to £17.8m. However, following the Financial Conduct Authority’s clampdown on ‘high-cost short-term credit’, an increased proportion of customers were offered lower APR products. That meant half of loans came under the regulator’s ‘high-cost’ category, down from 71 per cent the prior year.

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