subject: Uk Consumer Credit Market Outlook: Q2 2010 - Market Research Report On Aarkstore Enterprise [print this page] Introduction Introduction
The latest edition of Datamonitor's quarterly outlook series provides updated estimates for the performance of the consumer credit market from 2010 to 2014. It also considers the behavior of different players such as lenders and borrowers in the context of recent developments in the market.
Features and benefits
Provides the latest market sizing data for the UK consumer credit market.
Estimates the performance of different consumer credit products, such as personal loans, credit cards, overdrafts, retail and motor finance.
Supplies Datamonitor's forecast for the consumer credit market up to 2014 and two alternative forecasts covering optimistic and pessimistic outcomes.
Includes an accompanying interactive Excel model, presenting data in an easily accessible format.
Highlights
Consumer credit gross lending has increased for three successive quarters. Lending was higher in Q2 2010 than in the same period in 2010, the first time there has been a year-on-year increase since 2007. However, balances outstanding have fallen at the same time, suggesting that consumers are keen to pay off their existing debts.
The availability of unsecured credit has at last started to improve, having contracted continuously from 2007 to the end of 2009. Supply has increased on the back of improving perceptions of the state of the economy and a growing desire to increase market share. However, rising write-offs, particularly on credit cards, could harm future supply.
Credit providers are having to contend with a number of new regulations and consultations from the Office of Fair Trading, the Department for Business, Innovation and Skills and the European Commission. These measures concern the provision of information to borrowers and will govern the basis on which lending can be undertaken.
Your key questions answered
Review the overall performance of the market in Q2 2010 and use it to compare your own performance.
Use Datamonitor's market forecasts to help plan your future strategy with confidence.
Understand how borrowers and lenders are behaving under the ongoing uncertain economic climate.
