Abstract
Overview
Introduction
The UK consumer credit market continued to perform poorly in Q2 2007.
Moreover, difficult conditions persist. As a result, it is vital for lenders
to monitor the market' s outlook and its future challenges.
Scope
- Provides the latest marking sizing figures for the UK consumer credit
market by product line and analyses industry trends in Q2 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 second quarter of 2007 saw a continuation of the UK consumer credit
market' s poor performance, a trend that began in 2005. In particular, high
levels of consumer debt and a lack of consumer confidence hampered new
business levels. Moreover, interest rates remained high.
The majority of product lines struggled in the second quarter of 2007. This is
particularly true of unsecured personal loans, which have performed poorly
since mid-2004. The credit card segment continued to see a weak performance,
but Q2 2007 was stronger than Q1 2007. On the other hand, overdrafts put in
another strong performance.
Lending will be affected in the short term as a result of the global credit
crunch. Indeed, in response to the crunch and a lack of funds on the money
markets at low rates, lenders are beginning to raise their prices. Moreover,
many lenders will implement stricter criteria and reduce exposure to the
sub-prime and non-standard sectors.
Reasons to Purchase
- Review market performance in Q2 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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