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

Release date

June 2013

Region

United Kingdom (Great Britain)

Survey time period

2012

Number of respondents

101 respondents

Age group

18 years and older

Method of interview

Online survey

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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Statistics on "Personal debt in the United Kingdom"
  • Personal debt
The most important statistics
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