Reasons for taking out a payday loan in Great Britain 2012

Main purposes for taking out a payday loan in Great Britain in 2012

by Statista Research Department, last edited Jun 20, 2013
Reasons for taking out a payday loan in Great Britain 2012 This statistic shows the main purposes for taking out a payday loan in Great Britain in 2012. In 2012, of all respondents, 15 percent said they took out a payday loan in order to consolidate or pay off other debts. The most commonly cited reason was to help with day to day household spending.
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Main purposes for taking out a payday loan in Great Britain in 2012

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Share of respondents
To help with day to day household spending44%
To cover an outstanding bill such as gas or electricity16%
To buy a particular item4%
Needed money for a special occasion13%
To consolidate or pay off other debts15%
Other4%
No answer 5%
Share of respondents
To help with day to day household spending44%
To cover an outstanding bill such as gas or electricity16%
To buy a particular item4%
Needed money for a special occasion13%
To consolidate or pay off other debts15%
Other4%
No answer 5%
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by Statista Research Department, last edited Jun 20, 2013
This statistic shows the main purposes for taking out a payday loan in Great Britain in 2012. In 2012, of all respondents, 15 percent said they took out a payday loan in order to consolidate or pay off other debts. The most commonly cited reason was to help with day to day household spending.
Show more
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