United Kingdom Non-Prime Consumer Credit Market Report 2021: Review of the Non-prime, or High-interest, Consumer Credit Market
Dublin, Jan. 13, 2021 (GLOBE NEWSWIRE) -- The "UK Non-Prime Consumer Credit: Market Insight Report 2021" report has been added to ResearchAndMarkets.com's offering.
Review of the non-prime, or high-interest, consumer credit market. It describes the market for consumer credit agreements with average fixed interest rates over 30% per year, and profiles the main lenders involved in it.
It includes:
Review of each of the segments in the market
Discussion of key segment issues including the impact of regulation, and sets out the estimates of historical and forecast growth for each.
A set of 40 lender profiles of those active in the sector, covering financial performance, ownership, loan products offered, market positioning, corporate activity and history of the lender.
Covers the following segments and lenders operating within them:
Guarantor finance (key providers include Amigo loans and Non Standard Finance's Trust Two and George Banco)
High Cost Short Term Credit (following the exit of the majority of the largest firms in the past two years, key providers include Gain Credit and My Jar)
Home-collected credit (key providers include Morses Club, Non-Standard Finance and Provident)
Instalment credit (key providers include Non-Standard Finance's Everyday Loans, Oakbrook Finance, Darwin and Oplo)
Motor finance (key providers include S&U plc's Advantage, Provident's Moneybarn, First Response and Startline)
Credit card and other revolving loans (key providers include CapitalOne, NewDay and Provident's Vanquis)
Pawn broking (key providers include H&T Group and Ramsdens Financial)
Logbook loans (key providers include Loans2Go, Greenlight Credit, and Norfolk Capital's Mobile Money)
Rent-to-own (following the exit of Brighthouse, key providers include Temple Finance and Mutual)
Who is the report intended for?
Operators of of non-prime businesses themselves
Investors in these businesses
Retailers
Market regulators and policymakers
Banks, analysts, consultants and other parties with interests in the sector
What are the sources and methodology?
Interviews with senior-level contacts in the consumer credit industry
In-depth analysis of the macroeconomic environment and relevant market drivers
Financial analysis of the accounts of companies in the industry
Information from these sources has been synthesised and presented clearly and concisely with extensive use of charts and tables to illuminate points and support conclusions
Market forecasts have been constructed using simple assumptions which are clearly stated. Supporting evidence is provided for the assumptions but readers can flex them where required to model alternative scenarios.
Key Topics Covered:
Summary
Market background
Market size and growth
About the Publisher
Company background
Consulting services
Commercial/operational due diligence
Custom market analysis
Primary research
Growth strategy
Related research
Research subscriptions
About the Publisher: example consumer credit research and consulting clients
Contents
List of Charts and Tables
Non-prime consumer credit market
Definition
Number of non-prime consumers
Non-prime consumer credit market segments
Market growth
Non-prime consumer credit segments
1. Guarantor Finance
Definition
Key players
Sector size
Sector trends
2. High Cost Short Term Credit (HCSTC)
Definition
Key players
Sector size and trends
Insight: Price cap makes traditional payday loans unprofitable
3. Home-collected Credit
Definition
Key players
Sector size
Sector trends
4. Installment Credit
Definition
Key players
Sector size
Sector trends
5. Motor finance
Definition
Significant players
Sector size and trends
Sector trends
Insight: Non-prime credit accounts for small part of car finance market
6. Credit cards and other revolving Loans
Definition
Key players
Sector size
Sector trends
7. Pawnbroking
Definition
Significant players
Sector size
Sector trends
8. Logbook loans
Definition
Significant players
Sector size
Sector trends
9. Rent-to-own
Definition
Significant players
Sector size
Sector trends
Insight: Non-prime finance slowly departs the high street
Alternatives
Credit unions
Community Development Finance Institutions
Fintech solutions
Government alternatives
Unauthorised lenders
Forecasts
High Cost Short Term Credit (HCSTC)
Home-collected credit
Installment credit including some second-charge mortgages
Motor finance
Credit card and other revolving loans
Pawnbroking
Logbook loans
Rent-to-own
Drivers of Non-Prime Credit Usage
1. Economic growth
2. Consumer borrowing
3. Unemployment and underemployment
4. Wage growth and the impact of benefit policies
5. Levels of self-employment and trade union membership
6. Housing costs
7. Access to mainstream finance
8. Personal insolvency and bankruptcy
9. Other poverty indicators: food bank usage and rough sleeping
Non-Prime Credit Regulation
FCA regulation
Insight: Affordability regulation is key to the market
FOS complaints/losses
Financial performance of lenders
Productivity analysis
Firms leaving non-prime consumer credit
Major lenders (loan books >20m)
1stStop
Advantage Finance
Amigo Loans
Avant Credit
Bamboo
Billing Finance
Blue Motor
Capital One
CashEuroNet UK (Enova)
Caversham Finance (Brighthouse)
Darwin loan solutions (Evolution, Progressive)
DJS (UK)
Elevate Credit International (Sunny)
First Response
Gain Credit
H & T Group PLC (Harvey & Thompson)
Indigo Michael (Safety Net Credit)
Madison CF UK (118 118 Money)
Marsh
Morses Club
Mutual
MYJAR
New Day
Norfolk Capital
Oakbrook Finance
Private & Commercial
Provident
Startline
Temple Finance
Other lenders (loan books 5m to 20m)
Active Securities
Cash on Go
Ferratum UK
Go Car Credit
Greenlight Credit
Instant Cash Loans
Loans2Go
Mallard Leasing
PDL Finance
Premium Plan
Ramsdens Financial
Speedloan Finance
Think Money
Uncle Buck Finance LLP
Valour Finance
For more information about this report visit https://www.researchandmarkets.com/r/mrds6j
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