MI – Payplan Portfolio trends & performance Simon Harrison Business Analyst
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MI – Payplan Portfolio trends & performance
Simon HarrisonBusiness Analyst
Confidential & Proprietary 1
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Simon Harrison
Confidential & Proprietary 2
Average Surplus For New Client Contact
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Simon Harrison
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Average Surpluses – Signs of levelling of at 10%-15% below pre July 2007 Levels
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Simon Harrison
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Clients are seeking help earlier in the Debt Accumulation Process
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Simon Harrison
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Average theoretical time to repay debts through an informal arrangement is now consistently over 10 years
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Simon Harrison
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Client base continues to move to more affluent demographic
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Simon Harrison
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We continue to see an increase in the percentage of clients who have mortgages
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Simon Harrison
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Average Secured Debt for all new clients continues to rise
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Simon Harrison
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The reduction in base rate is being evidenced in our profiling – current clients who have benefited are being re-assessed to increase surplus
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Simon Harrison
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Client Profiling – “Before and After initial impact of economic crisis”
JULY 2007 JANUARY 2009 % Change
All client surplus £305.15 £278.16 -8.84%
New DMP surplus £310.90 £275.01 -11.54%
Av Unsec debt (All) £33083.37 £34740.16 5.01%
Av Unsec debt (New DMP)
£34172.01 £34796.70 1.83%
% Mortgaged (All) 34.85% 51.45% 47.60%
% Mortgaged (New DMP)
36.99% 53.18% 43.77%
DMP Term 9.16yrs 10.54yrs 15.12%
% Clients no surplus 12.84% 24.50% 47.76%
Av income (all) £1590.41 £1841.73 15.80%
Av income (New DMP) £1622.44 £1866.37 15.03%