This statistic shows the main reasons UK households have for taking out a payday loan over other types of loans in Great Britain in 2012. At 52 percent of respondents, the most common reason cited was that it was the only kind of credit they could get. The speed of obtaining the loan was a main reason for 35 percent.
Main reasons why people decide to take out a payday loan over other types of loans in Great Britain in 2012
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Department for Business, Innovation and Skills. (June 20, 2013). Main reasons why people decide to take out a payday loan over other types of loans in Great Britain in 2012 [Graph]. In Statista. Retrieved January 20, 2022, from https://www.statista.com/statistics/293602/reasons-why-households-take-out-payday-loans-in-the-united-kingdom/
Department for Business, Innovation and Skills. "Main reasons why people decide to take out a payday loan over other types of loans in Great Britain in 2012." Chart. June 20, 2013. Statista. Accessed January 20, 2022. https://www.statista.com/statistics/293602/reasons-why-households-take-out-payday-loans-in-the-united-kingdom/
Department for Business, Innovation and Skills. (2013). Main reasons why people decide to take out a payday loan over other types of loans in Great Britain in 2012. Statista. Statista Inc.. Accessed: January 20, 2022. https://www.statista.com/statistics/293602/reasons-why-households-take-out-payday-loans-in-the-united-kingdom/
Department for Business, Innovation and Skills. "Main Reasons Why People Decide to Take out a Payday Loan over Other Types of Loans in Great Britain in 2012." Statista, Statista Inc., 20 Jun 2013, https://www.statista.com/statistics/293602/reasons-why-households-take-out-payday-loans-in-the-united-kingdom/
Department for Business, Innovation and Skills, Main reasons why people decide to take out a payday loan over other types of loans in Great Britain in 2012 Statista, https://www.statista.com/statistics/293602/reasons-why-households-take-out-payday-loans-in-the-united-kingdom/ (last visited January 20, 2022)
