UK Unsecured Consumer Credit Market Report

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Dublin, January 13, 2021 (GLOBE NEWSWIRE) – The “UK Unsolicited Consumer Credit: Market Outlook 2021 Report” report was added to ResearchAndMarkets.com offer.

Assessment of the low interest rate or high interest rate consumer credit market. It describes the market for consumer credit contracts with average fixed interest rates above 30% per annum, and profiles the major lenders involved.

He understands:

  • Review of each of the market segments
  • Discussion of key segment issues, including regulatory impact, and presents historical and forecast growth estimates for each.
  • A set of 40 profiles of lenders active in the industry, covering financial performance, ownership, loan products offered, market positioning, business activity and lender history.

Covers the following segments and lenders operating there:

  • Guarantor financing (major providers include Amigo and Trust Two and George Banco loans from Non Standard Finance)
  • High cost short term credit (after the majority of the larger companies exited in the past two years, major providers include Gain Credit and My Jar)
  • Credit collected from home (major providers include Morses Club, Non-Standard Finance and Provident)
  • Installment loan (major providers include Non-Standard Finance’s Everyday Loans, Oakbrook Finance, Darwin, and Oplo)
  • Auto finance (major providers include S&U plc’s Advantage, Provident’s Moneybarn, First Response and Startline)
  • Credit card and other revolving loans (major providers include CapitalOne, NewDay, and Provident’s Vanquis)
  • Pawnbroking (major providers include H&T Group and Ramsdens Financial)
  • Logbook loans (major providers include Loans2Go, Greenlight Credit and Mobile Money from Norfolk Capital)
  • Rent-to-own (after Brighthouse exit, major vendors include Temple Finance and Mutual)

Who is the report for?

  • The operators of unprivileged businesses themselves
  • Investors in these companies
  • Retailers
  • Market regulators and decision-makers
  • Banks, analysts, consultants and other parties with interests in the industry

What are the sources and the methodology?

  • Interviews with high-level contacts in the consumer credit sector
  • In-depth analysis of the macroeconomic environment and relevant market drivers
  • Financial analysis of the accounts of companies in the sector
  • Information from these sources has been synthesized and presented in a clear and concise manner with extensive use of graphics and tables to illuminate points and support conclusions.
  • Market forecasts have been built from simple, clearly stated assumptions. Supporting evidence is provided for the assumptions, but readers can modify it if necessary to model alternative scenarios.

Main topics covered:

Summary

Market size and growth

About the publisher

  • Company background
  • Consulting services
  • Commercial / operational due diligence
  • Personalized market analysis
  • Primary research
  • Growth strategy
  • Related research
  • Research subscriptions

About the publisher: example of consumer credit research and advice clients

Contents

  • List of graphs and tables
  • Non-premium consumer credit market
  • Definition
  • Number of unprivileged consumers
  • Non-premium consumer credit market segments
  • Market growth
  • Non-premium consumer credit segments

1. Funding of the guarantor

  • Definition
  • Key players
  • Sector size
  • Industry trends

2. High Cost Short Term Credit (HCSTC)

  • Definition
  • Key players
  • Industry size and trends
  • Insight: Price caps make traditional payday loans unprofitable

3. Credit collected at home

  • Definition
  • Key players
  • Sector size
  • Industry trends

4. Installment loan

  • Definition
  • Key players
  • Sector size
  • Industry trends

5. Auto finance

  • Definition
  • Important players
  • Industry size and trends
  • Industry trends
  • Overview: Non-senior loans represent a small portion of the auto finance market

6. Credit cards and other revolving loans

  • Definition
  • Key players
  • Sector size
  • Industry trends

7. Pawnbroker

  • Definition
  • Important players
  • Sector size
  • Industry trends

8. Logbook loans

  • Definition
  • Important players
  • Sector size
  • Industry trends

9. Rent-to-own

  • Definition
  • Important players
  • Sector size
  • Industry trends
  • Snapshot: Unprivileged Finance Slowly Leaves Main Street
  • Alternatives
  • Credit unions
  • Community development finance institutions
  • FinTech Solutions
  • Government alternatives
  • Unauthorized lenders

Forecasts

  • High Cost Short Term Credit (HCSTC)
  • Credit received at home
  • Installment loan including certain second mortgages
  • Automotive finance
  • Credit card and other revolving loans
  • Pawnbroker
  • Logbook loans
  • Rent sale
  • Factors in the use of non-privileged credit

1. Economic growth

2. Consumer loan

3. Unemployment and underemployment

4. Wage growth and the impact of benefit policies

5. Levels of self-employment and union membership

6. Housing costs

7. Access to traditional financing

8. Personal insolvency and bankruptcy

9. Other indicators of poverty: frequentation of food banks and sleep in the streets

  • Regulation respecting non-privileged credits
  • FCA regulations
  • Overview: Regulating Affordability Is Key To The Market
  • FOS complaints / losses
  • Financial performance of lenders
  • Productivity analysis
  • Companies abandoning non-privileged consumer credit

Main lenders (loan books> 20m)

  • 1st stop
  • Advantage Finance
  • Amigo loans
  • Before Credit
  • Bamboo
  • Finance Billing
  • Blue engine
  • A capital letter
  • CashEuroNet United Kingdom (Enova)
  • Caversham Finance (Brighthouse)
  • Darwin loan solutions (Evolution, Progressive)
  • DJ (UK)
  • Elevate Credit International (Sunny)
  • First response
  • Earn credit
  • H & T Group PLC (Harvey & Thompson)
  • Indigo Michael (Safety Net Credit)
  • Madison CF UK (118 118 Silver)
  • Marsh
  • Walrus Club
  • Mutual
  • MYJAR
  • New day
  • Capital of Norfolk
  • Oakbrook Finances
  • Private & Commercial
  • Provident
  • Starting line
  • Temple finances

Other lenders (loan books 5m to 20m)

  • Active titles
  • Take-out payment
  • Ferratum United Kingdom
  • Go car credit
  • Green light credit
  • Instant cash loans
  • Loans2Go
  • Mallard rental
  • PDL Finance
  • Premium package
  • Ramsdens Financial
  • Quick loan financing
  • Think money
  • Uncle Buck Finance LLP
  • Valor Finance

For more information on this report, visit https://www.researchandmarkets.com/r/mrds6j

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