|
(MoneyNewsWire.Net, February 22, 2018 ) "UK Consumer Credit 2017: Forecasts and Future Opportunities", report offers five-year gross lending forecasts for all major lines of consumer credit up to 2021, along with a detailed examination of the various demand-and supply-side factors that will determine the market outlook.
The rate of growth in consumer credit gross advances, which picked up in 2015, has slowed and year-end figures for 2017 are expected to show growth of 4.6%. Growth will remain moderate throughout the rest of the forecast period, meaning that gross advances are expected to total £329.5bn by 2021. On the supply side, high incidences of bad debt, tighter lending criteria, and a cautious approach towards unsecured lending among providers and regulators will check the rate of growth of credit supply over the forecast period. On the demand side, the slow pace of economic recovery, political uncertainty arising from the Brexit negotiations, low levels of consumer confidence, and weak retail sales largely due to consumers choosing to withhold spending will adversely impact consumers' appetite for lending.
Complete Report is Available@ http://www.reportsweb.com/inquiry&RW00011585546/sample
It offers insight into-
-the key macroeconomic, regulatory, and other factors that will drive the demand for, and supply of, consumer credit over the next five years
-the outlook for total consumer credit including overdrafts, P2P, motor finance, payday lending, home credit, credit cards, and retail finance
Top Players:
TSB
RBS
Lloyds Bank
Provident Financial
Wonga
Money Shop
Dollar Financial
QuickQuid CashEuroNet
Zopa
Inquiry for Report@ http://www.reportsweb.com/inquiry&RW00011585546/buying
Scope
-Peer-to-peer (P2P) lending will see double-digit growth up to 2021. The sector will continue to enjoy rapid expansion due to increased consumer awareness and partnerships with other related sectors.
-The motor finance boom has started to decline, with growth falling to a lower level of 3.4% in 2017. New car sales are falling, and the excess of vehicles that will enter the used car market over the next few years will drive down prices. Both trends will dampen demand for credit.
-Payday lending has been severely curtailed by tougher regulation, including strict price caps and comprehensive affordability checks. These measures have significantly reduced the supply of credit and will depress gross lending.
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
|
