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The UK credit card market is unsustainable in its current form and heading for an unprecedented shake-up, according to PricewaterhouseCoopers (PwC), the accountancy firm. Full Article at Times Online
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London: British consumers face higher rates and fees on credit cards as lenders battle rising bad debts, funding constraints and reduced appetite for borrowing, accountants PricewaterhouseCoopers (PwC) said on Monday. Full Article at livemint.com
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The UK credit card market is unsustainable and heading for a huge shake-up, PricewaterhouseCoopers says in its Precious Plastic report, published today. Full Article at Times Online
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Lenders will be unable or unwilling to increase supply sufficiently to match demand. This will leave consumers surprised at both the cost of credit and the difficulty in gaining access to it
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This would have enormous implications for the profitability of credit cards in the UK market. Large-scale change within the sector over the next few years is inevitable
