UK Consumer Attitudes Towards Debt market report
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Providing the most comprehensive and up-to-date information and analysis of the Consumer Attitudes Towards Debt market, and the behaviours, preferences and habits of the consumer.
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What are the key challenges facing the industry and how fast are its rates of growth? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
This report discusses the following key topics:
- Family and friends growing as a source of credit
- Opportunity for a resurgence of PPI?
- Postponed life-events will increase demand for credit later in life
This Report presents Mintel's exclusive consumer research into consumer attitudes towards debt. It examines how views are changing and the types of credit people are turning to. The Report looks at how much people owe and where, as well as how consumers are managing their debt and expected sources of credit in the future. It explores the macroeconomic drivers behind consumer behaviour, and provides insight into consumer relationships with credit in the future.
This Report examines both secured and unsecured lending. For the purposes of the Report, these two types of credit are defined as follows:
Secured lending - lending that is secured against a property, ie the ownership of the property is at risk if repayments are not made to clear the debt. This is primarily mortgages used to purchase properties, but also includes homeowner loans, where homeowners borrow additional funds secured against their home.
Unsecured lending - any type of lending that does not fit the definition of secured lending, ie lending that is not secured against a property. This includes a wide range of consumer credit products such as credit cards, personal loans and current account overdraft facilities. Please note that this definition also includes car finance plans, which can be secured against the vehicle being purchased.
Expert analysis from a specialist in the field
Written by Richard Shepherd, a leading analyst in the Finance sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
Cheap loans and attractive credit card deals have fuelled a boom in unsecured lending since the recession. However, the economic fallout from Brexit means consumers are already feeling the squeeze of a combination of rising prices and slow wage growth. As a result, more consumers are likely to turn to revolving credit for day-to-day spending. However, consumers will also take a more cautious approach to their finances, becoming more reluctant to commit to structured lending products, making it more difficult to sell personal loans.
Senior Financial Services Analyst
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This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
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