The Amount of Lending Outstanding to UK Borrowers Is Forecast to Continue Growing in the Second Half of the Decade and Bring With it Increased Demand for Debt-Management Services.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c57685) has announced the addition of Debt Management (Commercial & Consumer) 2006 to their offering. As at the end of 2005, the total amount of lending outstanding (or debt) in the UK was PS1,655.57bn, a 9% increase compared with 2004 and 42.5% up compared with 2001. The amount of debt in the UK -- in particular, consumer debt -- is currently a matter of considerable debate. This report covers lending to both individuals (including consumer credit and loans secured on dwellings) and corporate bodies (including other financial corporations, non-financial corporations, unincorporated businesses and non-profit making non-profit making adj (organization) → gemeinnützig organisations). The largest of these sectors is loans secured on dwellings. The fastest-growing sectors between 2001 and 2005 were loans made to other financial corporations and loans to non-financial corporations. The biggest shake-up of consumer credit law in more than 30 years is currently under way. The Consumer Credit Bill, which is expected to pass into law in 2006, is the culmination of a 3-year review of consumer credit law. The Bill aims to reform the Consumer Credit Act 1974 in order to better protect consumers and create a fairer, more competitive credit market. Among its measures, the Bill is expected to improve the regulation of consumer credit businesses by ensuring fair practices and by driving out rogue traders
Rogue Traders are an Australian electro pop band consisting of James Ash (keyboards), Danny Spencer (guitars), Cameron McGlinchey ; to make regulations more appropriate for different types of consumer credit transaction; and to enhance consumer rights and redress by empowering consumers to challenge unfair lending. When passed, the Consumer Credit Bill is expected to have a major influence on the debt-management industry. The home-credit market is currently under investigation by the Competition Commission, which is assessing whether or not competition is working effectively in the market and whether customers are benefiting as a result. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Commission, there is little evidence of customers switching between providers, or of interest-rate price falls being introduced either as a result of competition between providers or from other forms of credit. Other regulatory measures that have transformed the consumer credit market include the Enterprise Act 2004, which has altered the approach to bankruptcy and corporate rescue, and the Consumer Credit (Advertisements) Regulations 2004, which now governs the way in which typical annual percentage rates (APRs) can be depicted in advertisements. The amount of lending outstanding to UK borrowers is forecast to continue growing in the second half of the decade and bring with it increased demand for debt-management services. However, much will depend on the macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. situation in the UK, particularly in terms of inflation, interest rates and employment levels. If these remain stable, UK industry and UK consumers' appetite for both secured and unsecured credit are likely to remain strong. Content Outline: 1. Market Definition 2. Market Size 3. Industry Background 4. Competitor Analysis Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. Created by Michael Porter competitor analysis focuses on four key aspects: competitor's objectives, competitor's assumptions, 5. Strengths, Weaknesses, Opportunities and Threats 6. Buying Behaviour 7. Current Issues 8. The Global Market 9. Forecasts 10. Company Profiles 11. Consumer Confidence 12. Further Sources Companies Mentioned: - Allied International Credit (UK) Ltd - Apex Credit Management Ltd - BCW BCW Babies Can't Wait (Georgia) BCW Bureau of Child Welfare (New York City; now Administration for Children's Services, ACS) BCW Buffer Control Word BCW Bar Code Wand BCW Binary Chemical Warhead Group PLC - Cashflow Services Ltd - Cattles PLC - Controlaccount PLC - Drakes Group Ltd - Equifax PLC - Euler Hermes Euler Hermes International is a French credit insurance company owned by AGF which is also owned by European's Allianz SE. It claims to have 36% (2006) of the total credit insurance market. UK PLC - ICC ICC See: International Chamber of Commerce Information Ltd - Inter-Credit International Ltd - Intrum Justitia Intrum Justitia is a credit management services (CMS) group based close to Stockholm, Sweden. The group offers a wide range of CMS for commercial and consumer receivables and has a growth strategy that involves taking an active part in the industry's consolidation. Ltd - JB Debt Recovery - Kenyon Investigation Services Ltd - Legal & Trade Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Ltd - London Scottish Bank For other uses of "London Scottish", see London Scottish. London Scottish Bank PLC is a British bank specialising in:
- Moreton Smith International Ltd - Park Direct Credit Ltd - Philips Collection Services Ltd - Provident Financial Provident Financial plc is a financial services group based in Bradford, England. It specialises in home credit, but also owns Vanquis Bank which offers credit cards. Domestic Operations PLC - Regal Credit Consultants Ltd - S&U PLC - The Status Enquiry Bureau Ltd For more information visit http://www.researchandmarkets.com/reports/c57685. |
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