UK Personal Lending 2008
UK Personal Lending 2008 - companiesandmarkets.com adds new report
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21.11.2008 14:33:01 UK Personal Lending 2008 - a new market research report on www.companiesandmarkets.com
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Introduction
The UK consumer credit market has been a different beast since 2005. Indeed, the years prior to 2005 were characterized by a rampant housing market, a sound economy, lenders’ willingness to increase their customer base, and consumers’ borrow and spend culture. However, since 2005 there has been a marked change in lending patterns. So, what lies ahead for this sector?
Scope
*Covers
unsecured personal loans, credit cards, overdrafts, motor finance and retail finance in the UK. Focus is on unsecured personal loans.
*Provides forecasts under 3 different scenarios for the consumer credit market as a whole as well as for individual product lines.
*Includes market share data for 2007 for major personal loan providers and examines the latest competitor developments shaping the market.
Highlights
Gross advances in the UK consumer credit market contracted by a further 0.9% in 2007 to amount to £205.5 billion. However, after rising by only 0.8% over 2005–06, balances increased by a relatively significant 5.5% over 2006–07 to reach £224.4 billion, suggesting that consumers are finding it more difficult to repay their debts.
While rising bad debts was the trigger for a shift away from mass customer acquisition, the credit crunch has further contributed to this trend. Indeed, with less available funding and the resulting higher rates charged to consumers, lenders are looking more closely at affordability of consumers.
Nationwide saw the biggest drop in advertising expenditure with just £287,232 spent in 2007, compared to £3.2m in 2006.
Reasons to Purchase
*Gain access to the latest market sizing and forecasting data for the UK consumer credit market to place your performance in context to the market´s.
*Gain insight into how your competitors are responding to the various issues facing the unsecured lending sector.
*Receive updated market share data to tell you how your company compares to your closest rivals.
www.companiesandmarkets.com/Summary-Market-Repor ..
Introduction
The UK consumer credit market has been a different beast since 2005. Indeed, the years prior to 2005 were characterized by a rampant housing market, a sound economy, lenders’ willingness to increase their customer base, and consumers’ borrow and spend culture. However, since 2005 there has been a marked change in lending patterns. So, what lies ahead for this sector?
Scope
*Covers
|
|
*Provides forecasts under 3 different scenarios for the consumer credit market as a whole as well as for individual product lines.
*Includes market share data for 2007 for major personal loan providers and examines the latest competitor developments shaping the market.
Highlights
Gross advances in the UK consumer credit market contracted by a further 0.9% in 2007 to amount to £205.5 billion. However, after rising by only 0.8% over 2005–06, balances increased by a relatively significant 5.5% over 2006–07 to reach £224.4 billion, suggesting that consumers are finding it more difficult to repay their debts.
While rising bad debts was the trigger for a shift away from mass customer acquisition, the credit crunch has further contributed to this trend. Indeed, with less available funding and the resulting higher rates charged to consumers, lenders are looking more closely at affordability of consumers.
Nationwide saw the biggest drop in advertising expenditure with just £287,232 spent in 2007, compared to £3.2m in 2006.
Reasons to Purchase
*Gain access to the latest market sizing and forecasting data for the UK consumer credit market to place your performance in context to the market´s.
*Gain insight into how your competitors are responding to the various issues facing the unsecured lending sector.
*Receive updated market share data to tell you how your company compares to your closest rivals.
www.companiesandmarkets.com/Summary-Market-Repor ..
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