“Slower annual growth in lending signals a fall in demand, as concern around the potential impact of rising interest rates grows. But, affordability constraints will still make it difficult for many people to clear their debt and significantly reduce their borrowing. Open Banking gives lenders an opportunity to develop tools and services that can help people manage their debt more effectively and find products most suitable to their needs.”
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Overview
Overview
This 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.
Overview
Executive Summary
Issues and Insights
Market
Market
Mintel provides a range of market information across categories including: forecasting and share information; internal and broader market environment information; and the issues that affect the market in question.
The Market – What You Need to Know
Economic Outlook
Consumer Financial Well-being
Consumer Credit Lending
Mortgage Market Lending
Write-offs, Repossessions and Insolvencies
Consumer
Consumer
Mintel conducts exclusive and original consumer research for reports, bringing up-to-date and unique insight to topical issues. This research examines the impact of social, economic, cultural and psychological influences on consumers.
The Consumer – What You Need to Know
Credit Product Ownership
Value of Outstanding Unsecured Debt
Debt Situation over the Last Two Years
Expected Debt Situation in the Next Two Years
Arranging Credit Products
Attitudes towards Managing Debt
Important Factors When Choosing a Credit Provider
Interest in Credit Management Innovations
Data
Data
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.
Appendix – Data Sources, Abbreviations and Supporting Information
30th April 2019
"UK startup 'Tully' leverages the power of Open Banking to provide personalised debt management advice and flexible repayment plans to those who are struggling to manage their debts. The technology will be particularly useful to the growing number of people who struggle with fixed repayment plans because of unpredictable or ... 
9th April 2019
“Following Lloyds Banking Group’s change to the way it charges overdraft customers, the issue of how banks treat vulnerable customers has once again gained prominence. Regulators are already looking to address this, and current account providers will need to re-examine the way they treat their customers or risk further action ...
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Credit management innovations will appeal to the anxious borrower
