Table of Contents
- Introduction and Abbreviations
- Introduction
- Other relevant reports
- Definitions and scope of the report
- Abbreviations and terms
- Abbreviations
- Terms
- Executive Summary
- Market Drivers
- Consumers' lack of extra cash drives the need for more
- Figure 1: Percentage of worldwide consumers with "No Spare Cash," May
2005
- Figure 2: U.S. personal saving rate as a percentage of disposable
personal income, 1980-Q3 2005
- Consumers' lending options increase, compete with unsecured loan offers
- Figure 3: Estimated mail volume of U.S. loan acquisition and follow-up
acquisition solicitation of all types other than credit cards, Q1 2003-Q3
2005
- Credit cards
- Figure 4: Estimated mail volume of U.S. credit card acquisition and
follow-up acqusition solicitation, Q1 2003-Q3 2005
- Figure 5: Percentage of credit card solicitations with balance transfer
offers, 2003-05
- Home equity
- Figure 6: Home ownership rates, Q2 2005 vs. Q2 2004
- Payday lenders fill the space with quick cash for consumers
- Figure 7: Average payday loan APRs by state regulatory environment, 2001
- Increasing convenience impacts the usage rates of consumers
- Figure 8: Top twenty U.S. bank holding companies by number of branches,
November 2004
- Figure 9: Locations of major payday lenders, 2005
- Credit unions' increased accessibility and low rates are making them more
competitive
- Figure 10: Personal loan rates by banks and credit unions, 2000-05
- Interest rates are poised for an increase, meaning more debt service
- Figure 11: Personal interest payments and U.S. prime rate, 1999-2005
- The need for debt consolidation could rise
- New bankruptcy laws will make it harder for borrowers to default
- Figure 12: Non-business bankruptcy filings, 1995-2004
- The health insurance gap
- Figure 13: Uninsured Americans by family income, 2003 and 2004
- Market Size and Trends
- Overall consumer borrowing
- Figure 14: Total U.S. Consumer non-real-estate loans outstanding,
revolving vs nonrevolving, 2000-05
- Estimated market size for unsecured loans
- Figure 15: Distribution of the debt of homeowners and renters, by loan
type, 1990-2002
- Figure 16: Dollars outstanding in personal unsecured nonrevolving
loans, 2000-05
- Figure 17: Total personal unsecured closed-end loan assets outstanding
from all sources, 2000--05
- Market Segmentation
- Income and wealth
- Figure 18: Percentage of U.S. households carrying debt, by household
income percentile, 1998 and 2001
- Figure 19: Median debt of U.S. households carrying debt, by household
income percentile, 1998 and 2001
- Figure 20: Percentage of U.S. households carrying debt, by net worth
percentile, 1998 and 2001
- Figure 21: Median debt of U.S. households carrying debt, by net worth
percentile, 1998 and 2001
- Age
- Figure 22: Percentage of U.S. households carrying debt, by age of head
of household, 1998 and 2001
- Figure 23: Median debt of U.S. households carrying debt, by age of head
of household, 1998 and 2001
- Work status
- Figure 24: Percentage of U.S. households carrying debt, by work status
of head of household, 1998 and 2001
- Figure 25: Median debt of U.S. households carrying debt, by work status
of head of household, 1998 and 2001
- Competitive Landscape
- Overview
- Holdings of non-mortgage debt, by type of organization
- Figure 26: non-mortgage debt, credit outstanding by type of financial
organization holding, 2003
- Full Service Banks
- Major banks, unsecured loan holdings
- Figure 27: Major banks, consumer unsecured loans outstanding at year
end, 2002-04
- Figure 28: Unsecured loan products of major banks, 2005
- Major Bank Profiles
- Bank of America
- Citigroup
- HSBC
- Wells Fargo
- Credit Unions
- Overview
- Figure 29: Number of credit unions and number of credit union members
in U.S., 1999-2004
- Figure 30: Personal unsecured loans outstanding at credit unions that
are CUNA members, 1995-2004
- Figure 31: Unsecured loan products of major credit unions, 2005
- Top Credit Unions
- Figure 32: Top 10 U.S. credit unions by number of members, 2004
- Select Credit Union Profiles
- Navy Federal Credit Union
- BECU
- Payday Lenders
- Overview
- Figure 33: Snapshot of major U.S. payday lenders, 2005
- Select profiles of payday lenders
- ACE Cash Express, Inc.
- Advance America
- Other Lenders
- American General Financial Services
- Capital One
- Advertising and Promotion
- Overview
- Overall marketing spending
- Figure 34: Top ten financial services companies by estimated
advertising expenditures, 2003-04
- Direct mail
- Figure 35: Unsecured loans estimated mail volume, January 2004-March
2005
- Figure 36: Top unsecured loan mailers, 2004-2005
- Online
- Figure 37: Online advertising spending by selected financial services
companies, 2004
- Individual companies
- Advance America
- Bank of America
- Capital One
- Citigroup
- HSBC
- Wells Fargo
- The Consumer
- Introduction
- Ownership of unsecured loans and related products
- Figure 38: Received a personal loan or payday loan in the past year,
October 2005
- Figure 39: Number of credit cards held, October 2005
- Figure 40: Number of credit cards held, by age, October 2005
- Motivation to get a personal loan
- Figure 41: Circumstances to consider a personal loan, by age, October
2005
- Figure 42: Concern about having enough cash to pay expenses, by
household income, October 2005
- Figure 43: Concern about having enough cash to pay expenses, by marital
status and household size, October 2005
- Choosing an unsecured loan
- Figure 44: Importance of unsecured loan attributes, including loan
attributes that are currently offered with credit cards, October 2005
- Figure 45: Graph: Mean importance of unsecured loan attributes, by age
of respondent, October 2005
- Figure 46: Mean importance of unsecured loan attributes, by household
income, October 2005
- Figure 47: Mean importance of unsecured loan attributes, by education
level of respondent, October 2005
- Summary
- Future and Forecast
- Future trends
- Lending with a purpose
- Rewarding options
- Payday loans are here to stay
- Intergenerational lending
- Home equity lending will continue to grow at the expense of personal loans
- Private educational lending also on the rise
- Market forecast
- Overview
- Methodology
- Personal unsecured closed-end loan assets outstanding from all sources
- Figure 48: Forecast of total U.S. personal unsecured closed-end loan
assets outstanding from all sources, at current and constant prices, 2005-10
- Figure 49: Graph - Forecast of estimated total U.S. unsecured,
nonrevolving personal loans at current prices, 2000-10
- Figure 50: Forecast of total U.S. revolving non-real estate debt,
2000-08
- Figure 51: Forecast of total U.S. nonrevolving non-real estate debt
- Figure 52: U.S. consumer non-real estate loans outstanding, 2000-08
- Figure 53: Percentage change of U.S. consumer non-real estate loans
outstanding, 2000-04
- Appendix: Trade Associations
- Appendix: Research Methodology
- Consumer Research
- Datascension, Inc. and Harris Interactive Service Bureau
- Greenfield Online
- ICR Surveys EXCEL
- Simmons National Consumer Surveys
- Technometrica TechnoExpresssm
- Trade Research
- Informal trade research
- Formal trade research
- Desk & Internet Research
- Sources
- Definitions
- Forecasts
- Appendix: What is Mintel?
- Mintel Group
- Mintel Reports
- Mintel Premier
- Mintel GNPD
- Mintel Menu Insights
- Mintel Comperemedia
- Mintel Custom Solutions
- Appendix: Direct Mail Advertising
- Figure 54: Advance America payday advance direct mail advertisement,
November 2005
- Figure 55: Advance America payday advance direct mail advertisement,
November 2005
- Figure 56: CapitalOne personal loan direct mail advertisement, November
2005
- Figure 57: Citibank personal loan direct mail advertisement, November
2005
- Figure 58: HSBC personal loan direct mail advertisement, November 2005
- Figure 59: Wells Fargo personal loan direct mail advertisement,
November 2005
- Figure 60: Financial 21Community Credit Union personal loan direct mail
advertisement, November 2005
- Figure 61: Keesler Federal Credit Union personal loan direct mail
advertisement, November 2005
- Figure 62: Nevada Federal Credit Union payday loan direct mail
advertisement, November 2005
|
Related Report
|
View Cart
