The orbit of consumer credit choices

Brown, Jane, Wappling, Anders, Woodruffe-Burton, Helen and Black, Kate (2017) The orbit of consumer credit choices. Journal of Financial Services Marketing, 22 (2). pp. 85-96. ISSN 1363-0539

Post-print JFSM article - The Orbit of Consumer Credit Choices.pdf - Accepted Version

Download (360kB) | Preview
Official URL:


Resulting from instability in the UK financial climate in recent times, consumers have increasingly turned to alternative credit sources such as payday loans, logbook loans (car title loans) and pawning. Recognising this increasingly important trend in UK society, this study explores how UK consumers manage and select alternative credit sources, through a Consumer Culture Theory lens. Primary data were sourced through a multi-stage interview process with ten consumers of alternative credit providers. Findings were subjected to a rigorous six-stage thematic analysis, which enabled generation of a three-ring orbit model showing how the consumers migrated between categories of credit sources. Furthermore, it was found that other concepts could be traced on to the orbit model, such as access to other credit sources, time pressures, perceived risk and emotional state. It is expected that the findings from this study will benefit lenders, policy makers and regulatory bodies from greater insights into understanding of the emotional state of their customers and the particularly the pressures they may be experiencing when taking last resort credit sources.

Item Type: Article
Uncontrolled Keywords: Consumer behaviour, Credit, Debt, Borrowing, Payday loans, Emotion
Subjects: L900 Others in Social studies
N100 Business studies
Department: Faculties > Business and Law > Newcastle Business School
Depositing User: Becky Skoyles
Date Deposited: 22 May 2017 13:10
Last Modified: 31 Jul 2021 20:20

Actions (login required)

View Item View Item


Downloads per month over past year

View more statistics