Canada Unsecured Lending Market Report
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Providing the most comprehensive and up-to-date information and analysis of the Unsecured Lending market, and the behaviours, preferences and habits of the consumer.
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What are the key challenges facing the industry? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
Covered in this report
For the purposes of this report, unsecured lending is loans that are secured only by the good faith of the borrower rather than collateral. This includes credit cards, student loans, lines of credit, personal loans and all other types not backed by collateral. Loans secured by collateral, such as mortgages and auto loans, are not covered in this report.
What you need to know
The Canadian economy remains relatively strong and many consumers are confident about their personal finances. However, the sceptre of rising interest rates is a cause of worry to potential borrowers. While there has not been much innovation in the world of consumer lending, digital players such as peer-to-peer lenders do offer an alternative to traditional financial institutions, especially to those with weaker credit. A segment of borrowers also use alternative lenders, typically paying high interest rates as a price of remaining out of the financial mainstream. Traditional and trusted lenders are in a good position to fight this battle as lender reputation is important to borrowers. The emergence of alternate credit scoring is also widening the market for established lenders.
This report explores the attitudes and consumer behaviour related to unsecured lending. The Report explores topics such as ownership of different types of unsecured debt, reasons for unsecured borrowing, attitudes towards debt, innovations in loan financing and a look at consumer finances.
Expert analysis from a specialist in the field
Written by Sanjay Sharma, a leading analyst in the Financial Services sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
The increased use of alternative credit scoring models is likely to facilitate disruption in the lending space and bring more borrowers into the financial mainstream.
Senior Financial Services Analyst
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* This is a sample representation of the report layout and does not reflect the research included in this report.
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