Reasons why households take out payday loans in the United Kingdom 2012

Main reasons why people decide to take out a payday loan over other types of loans in Great Britain in 2012

by Statista Research Department, last edited Jun 20, 2013
Reasons why households take out payday loans in the United Kingdom 2012 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.
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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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Statistics on "Personal debt in the United Kingdom"
  • Personal debt
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  • Loans and debt of social groups
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