Abstract
Overview
Introduction
The poor performance of the UK consumer credit market in 2005 and 2006
continued into Q1 2007, as the market continued to be affected by a weaker
labor market, high household debt and low consumer confidence. What can
lenders expect over the next few years?
Scope
- Provides the latest marking sizing figures for the UK consumer credit
market by product line and analyses industry trends in Q1 2007.
- Covers unsecured personal loans, credit cards, motor finance, retail
finance (store cards, installment credit and mail order credit) and overdrafts.
- Details Datamonitor' s latest scenario based forecasts for the future of
the consumer credit market in an accompanying interactive Excel model.
Report Highlights
The poor performance of the consumer credit market in 2005 and 2006 carried
into Q1 2007, as consumers continued to be affected by a weaker labor market,
high household debt and low consumer confidence.
High household debt and higher interest rates have slowed down spending, along
with lenders maintaining their tightened lending criteria.
Datamonitor' s forecasts for the UK consumer credit market have changed only
very slightly from the previous quarter. Most product lines will continue to
perform poorly over the next two years in particular.
Reasons to Purchase
- Review market performance in Q1 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 in 2007 and the impact they
are having on the market.
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