Precious Plastic 2010:Consumer credit in the UK
Overview:
2009 has been a watershed year for consumer credit in the UK, with both lenders and consumers reassessing their balance sheets. Historically high levels of bad debt, a growing regulatory burden, continuing funding and capital constraints and the toughest macro-economic environment in a generation are placing unprecedented pressure on UK lenders. As a result, consumers will face a reduction in the availability of credit and an increase in its cost.
2009 has been a watershed year for consumer credit in the UK, with both lenders and consumers reassessing their balance sheets. Historically high levels of bad debt, a growing regulatory burden, continuing funding and capital constraints and the toughest macro-economic environment in a generation are placing unprecedented pressure on UK lenders. As a result, consumers will face a reduction in the availability of credit and an increase in its cost.
Precious Plastic 2010 contains:
- Market Overview
- Results of our latest Credit Confidence survey (undertaken through YouGov), and
- Discusses strategic options regarding disposal of non core portfolios, optimising collections, payment innovations and examines who are the likely winners and losers.
