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In Focus Risk


rising prices could mean that the average UK household would have to pay an extra £2,500 in 2022-2023 to buy the same goods and services that it bought in 2021-2022. Growing segment with thin credit fi les or


no credit history: there is a growing group of people that are either not using credit at all or have thin credit fi les. As a result, this group is


May 2022


less likely to pass creditworthiness assessments based on traditional risk assessments. There is also emerging evidence of some people being less attracted to traditional forms of credit. Our survey indicates there are approximately 11 million adults in the UK that do not hold a credit card and would not consider using one in the future. This is more prevalent among


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young adults, with 32% of this population aged between 18-34 years old, compared to 22% for those that hold a credit card or would consider using one in future. CCR


This segment does not include the unbanked or sub-prime populations, who are typically better served by alternative credit providers.


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