Finance Companies are bracing themselves for a potentially sunstantial increase in default, if the current estimates of redundancies happens in the public Sector.

Several Finance Companies have indicated that thier portfolio of lending includes up to 20% of their customer base being in the Public Sector, and as such they would see an immediate impact from mass redundancies.

The blow may well be softened with cut-backs and redundancies being rolled out over an extended period.

Anglia continues to recruit both Agents and Head Office support staff to ensure they are on top of the game, should their Clients need an immediate response to an emerging problem.