IPF sets new records

Door step lender International Personal Finance (IPF) is finding no shortage of customers as consumers worldwide continue to experience hard times.

Door step lender International Personal Finance (IPF) is finding no shortage of customers as consumers worldwide continue to experience hard times.

Customer numbers in 2011 rose to 2.41m from 2.21m in 2010, an 8% year-on-year increased. Credit issued rose 10.5%, or 11.5% using constant exchange rates (CER), to £844.5m from £764.5m in 2010, while average net receivables (money owed to the company excluding bad debts) improved 10.2% (CER: 10.7%) to £565.5m from £522.0m.

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