UK Consumer Credit Market Outlook - Q3 2007 - Market Focus
UK Consumer Credit Market Outlook - Q3 2007 - Market Focus - New Research Report on Companies and Markets
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Introduction
This product combines a briefing and an interactive forecasting model to review the performance of the UK consumer credit market in Q3 2007 and discuss its prospects for the rest of the year.
Scope
Provides the latest marking sizing figures for the UK consumer credit market by product line and analyses industry trends in Q3 2007. Covers unsecured personal loans, credit cards,
motor finance, retail finance (store cards, installment credit and mail order credit) and overdrafts. Details thelatest scenario based forecasts for the future of the consumer credit market in an accompanying interactive Excel model.
Highlights
While Q2 2007 saw a continuation of the consumer credit market´s poor performance, Q3 saw a slight improvement. High levels of consumer debt and a lack of consumer confidence continue to restrict new business; however, Q3 2007 saw the best quarterly performance since Q4 2005, mostly as a result of an improved credit card market. Credit cards and overdrafts were the major catalysts behind the slight improvement of the total consumer credit market in Q3 2007. However, many products continue to perform weakly. This was true particularly for unsecured personal loans and retail finance. As the credit crunch has hit and a significant number of households are facing financial difficulties, a number of lenders have exited the unsecured personal loans market. Meanwhile, the fall of Northern Rock has left a significant gap in the unsecured personal loans market.
Reasons to Purchase
Review market performance in Q3 2007 to place your performance in context to the market´s. View the latest independent quarterly and annual forecasts for the UK consumer credit market to plan your future strategy with confidence. Understand the key challenges facing lenders and the impact they are having on the market.
Introduction
This product combines a briefing and an interactive forecasting model to review the performance of the UK consumer credit market in Q3 2007 and discuss its prospects for the rest of the year.
Scope
Provides the latest marking sizing figures for the UK consumer credit market by product line and analyses industry trends in Q3 2007. Covers unsecured personal loans, credit cards,
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Highlights
While Q2 2007 saw a continuation of the consumer credit market´s poor performance, Q3 saw a slight improvement. High levels of consumer debt and a lack of consumer confidence continue to restrict new business; however, Q3 2007 saw the best quarterly performance since Q4 2005, mostly as a result of an improved credit card market. Credit cards and overdrafts were the major catalysts behind the slight improvement of the total consumer credit market in Q3 2007. However, many products continue to perform weakly. This was true particularly for unsecured personal loans and retail finance. As the credit crunch has hit and a significant number of households are facing financial difficulties, a number of lenders have exited the unsecured personal loans market. Meanwhile, the fall of Northern Rock has left a significant gap in the unsecured personal loans market.
Reasons to Purchase
Review market performance in Q3 2007 to place your performance in context to the market´s. View the latest independent quarterly and annual forecasts for the UK consumer credit market to plan your future strategy with confidence. Understand the key challenges facing lenders and the impact they are having on the market.
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