High-cost credit: Consequences of using payday loans in Great Britain 2012

Financial circumstances of households using payday loans in Great Britain in 2012*

by Statista Research Department, last edited Jun 20, 2013
High-cost credit: Consequences of using payday loans in Great Britain 2012 This statistic shows the financial circumstances of households using payday loans in Great Britain in 2012. Of respondents, 74 percent of households with a payday loan often struggled to reach payday, while 75 percent constantly struggled or were behind with payments.
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Financial circumstances of households using payday loans in Great Britain in 2012*

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Share of respondents
Often struggle to reach payday74%
Constant struggle or behind with payments75%
Payments are a heavy burden58%
3 months in arrears on any payments46%
Taking action on debt or in structural arrears57%
Share of respondents
Often struggle to reach payday74%
Constant struggle or behind with payments75%
Payments are a heavy burden58%
3 months in arrears on any payments46%
Taking action on debt or in structural arrears57%
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by Statista Research Department, last edited Jun 20, 2013
This statistic shows the financial circumstances of households using payday loans in Great Britain in 2012. Of respondents, 74 percent of households with a payday loan often struggled to reach payday, while 75 percent constantly struggled or were behind with payments.
Show more
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