Understanding payday loan costs and charges in Great Britain 2012

Distribution of those with a payday loan in Great Britain in 2012, by level of understanding of associated costs and charges

by Statista Research Department, last edited Jun 20, 2013
Understanding payday loan costs and charges in Great Britain 2012 This statistic shows a distribution of those with a payday loan in Great Britain in 2012, by their level of understanding of associated costs and charges. Of respondents, 53 percent knew what interest rate would be charged, and 36 percent understood the costs at least fairly well.
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Distribution of those with a payday loan in Great Britain in 2012, by level of understanding of associated costs and charges

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Share of respondents
Know what interest rate will be charged53%
Understand costs very/fairly well36%
Don't understand costs that well/not at all well11%
Share of respondents
Know what interest rate will be charged53%
Understand costs very/fairly well36%
Don't understand costs that well/not at all well11%
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by Statista Research Department, last edited Jun 20, 2013
This statistic shows a distribution of those with a payday loan in Great Britain in 2012, by their level of understanding of associated costs and charges. Of respondents, 53 percent knew what interest rate would be charged, and 36 percent understood the costs at least fairly well.
Show more
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