FICO’s latest survey of European credit risk managers with Efma indicates that credit demand and supply will be reduced in almost all markets. A startling 88% of respondents say that more small businesses will turn to alternative sources to fund capital, and the same percentage say that more consumers will turn to micro-lending for their borrowing needs.  This may not pose a problem right now, but when the economy gets back on track some segment of the borrowing market will have been trained on how to find money without going to the banks.

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Source: FICO Bankinganalyticsblog