Aarkstore - Consumer Credit in the Uk - Key Trends and Opportunities to 2018

Aarkstore Enterprise

3rd December 2014

Consumer Credit in the UK - Key Trends and Opportunities to 2018

Browse Full Report @ http://www.aarkstore.com/financial-services/67079/consumer-credit-in-the-uk-keytrends-and-opportunities-to-2018 Published: Nov 2014 | No. Of Pages: 81 Pages PDF: $ 2795 | Site Licence : $ 5590 |Enterprise Wide Licence :$ 8385

Synopsis

This Consumer Credit in the UK - Key Trends and Opportunities to 2018 report provides market analysis, information and insights into the UK consumer credit industry It provides a breakdown of the different forms of consumer credit in the UK It analyzes drivers and the outlook for the market It provides information on the main banks in the UK market It covers news and regulatory developments

Summary

Consumer credit increased throughout 2014, as economic recovery gained momentum Consumer credit growth has shown consistent signs of growth in 2014, for the first time since before the financial crisis. This is in a large part due to consumer confidence also recording a positive number for the first time since the credit crunch, low interest rates and a steadily growing GDP, as nearly every category of lending has grown up to July 2014.Demand for and availability of credit also grew in both the second and third quarters of 2014, which has been a key factor.

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Aarkstore Enterprise

Record-low interest rates on personal loans driving other loans and advancements category HSBC became the first lender to break the 5% interest rate barrier for its GBP7,50015,000 personal loan, which launched a price war between mainstream lenders, as each bank or building society tried to get to the top of the comparison tables. Tesco lowered its interest rates soon after, and Sainsburys raised its upper limit to GBP 35,000 in October a record high personal loan. This means that lending is cheaper than ever for consumers, which has unsurprisingly given the industry a huge boost. The...