Research and Markets ( http://www.researchandmarkets.com/research/ebc8b4/uk_nonstandard_un) has announced the addition of the "UK Non-standard Unsecured Personal Loans 2008" report to their offering.
The recent depressions in the financial markets have affected consumer lending significantly, not least in the non-standard segment. As the country's economy wanes, the number of non-standard individuals is set to increase, but what does this really mean for non-standard unsecured lenders and the related market? This report provides the answers.
Scope
Sizes the UK non-standard population, the UK unsecured loans market and home collected credit market and presents five year forecasts for each. Discusses competition in the UK unsecured loan market and provides market share data for the major competitors in the home collected credit market. Gives insight into the future challenges of these markets.
Highlights of this title:
With economic growth waning slightly, 2007 brought further increases, spurred on primarily by changes in employment status. As the credit crunch starts to impact the economy, particularly through mortgage defaults and repossessions, the non-standard population looks set to increase dramatically going forward. The non-standard unsecured loans market recorded yet another subdued performance in 2007 as the cost of lending increased due to the freezing up of the wholesale money markets. The market is now bracing itself for some very difficult challenges as factors that have previously driven this market are declining significantly. The competitive dynamics of the home collected credit market are set to change, as some lenders seek to reduce exposure while others continue to mop up additional market share. While this market has continued to perform poorly in financial terms, lenders remain upbeat. read more
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