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Non-standard credit cards in the UK (Datamonitor) Market: Finance and Banking Published Date: 31/10/2007 Market Research Report Title: Non-standard credit cards in the UK Table of Contents: View Report Type: Market Report Country: UK Number of Pages: 43 |
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Summary: Introduction
With the development of improved credit scoring and increased competitiveness in the mainstream market, the UK non-standard credit card market has become an attractive area for issuers to venture into. This brief is designed to provide an overview of the non-standard market. It provides market sizing and forecasting, as well as an explanation for the strategies used by issuers in this market.
Scope
The brief sizes the non-standard population in the UK using a methodology that draws upon data from a wide variety of sources The number of credit cards in the possession of non-standard individuals is estimated along with the number and value of transactions It includes a detailed examination of active issuers in this space and the strategies they have employed The brief forecasts the number of credit cards owned by non-standard individuals, along with the number and value of transactions made, to 2011
Highlights
The non-standard credit card market in the UK consists of 5.6 million cards in a non-standard population of seven million individuals. The market is served by two dedicated non-standard issuers, as well as several mainstream issuers who have launched products or own subsidies that cater for this market The size of the UK non-standard population is driving growth, due to an increase in the number of people with County Court Judgments and in mortgage arrears, as well as tightened issuing requirements from mainstream issuers, which has reduced the number of mainstream individuals. There will be moderate growth for the UK non-standard card market. The value of transactions is forecast to increase at a compound annual growth rate (CAGR) of 5.4% to 2011.
Reasons to Purchase
See how recent economic trends have impacted on the size of the UK non-standard population and credit card market. Understand how issuers are succeeding in the non-standard credit card market Learn how the non-standard credit card market will develop to 2011
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