Navi Mumbai, Maharashtra India (PressExposure) October 01, 2007 -- Bharat Book Bureau, a leading market information aggregator has put forth a report-The UK Home Collected Credit Market 2007 [http://www.bharatbook.com/detail.asp]
Providers have struggled in recent years as the UK home collected credit market stagnated. However, the tide appears to have changed following a couple of years of growth. Yet this is still a mature market, with several ongoing challenges that participants need to address in order to ensure continued success.
Scope of this report Sizes the UK home collected credit market and presents scenario-based five year forecasts. Provides market share data for the major competitors in the home collected credit market. Gives insight into the future challenges of the market and how lenders could respond. Research and analysis highlights The home collected credit market's future growth remains inhibited by its highly mature nature. There is still good reason for providers to look to diversify into other product areas or grow the business through geographical expansion, though lenders focused on the sector will be able to experience higher lending volumes than in previous years.
Economic conditions have become tougher for home credit customers, as household bills have increased in recent years. Such higher household expenses are taking up a greater proportion of home credit customers' salaries and are therefore pushing more of them towards home collected credit, more often than not to fill the gap until the next payday.
Though the market has reached a stage of maturity, consolidation nevertheless continues, creating opportunities for a number of larger lenders. So far, Cattles and S&U are particularly taking advantage of the occurring consolidation.
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