UK survey: Understanding of home-collected loan charges in the United Kingdom 2012

This statistic shows the results of a survey on how informed respondents were to the charges associated with their home-collected loan. The survey was taken in 2012 in the United Kingdom. Different survey responses included: know what interest rate will be charged, understand costs very/fairly well, don't understand costs that well/not at all well, and no answer. Of respondents, 48 percent knew what interest rate would be charged, and 30 percent understood the costs at least fairly well.

Understanding the costs and charges of a home-collected loan in the United Kingdom in 2012

Share of respondents
Know what interest rate will be charged48%
Understand costs very/fairly well30%
Don't understand costs that well/not at all well20%
No answer3%
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Sources

Release date

June 2013

Region

United Kingdom (Great Britain)

Survey time period

2012

Number of respondents

103 respondents

Age group

18 years and older

Method of interview

Online survey

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