Reasons for and consequences of taking out a payday loan in Great Britain 2013

This statistic shows the reasons for and the consequences of taking out a payday loan, as reported by respondents in a survey of adults in Great Britain in 2013. Of the 94 respondents that had taken out such a loan, 48 said that they regret taking out a payday loan and 35 percent said that taking out a payday loan would make it harder to pay other bills next month.

Those who have taken out a payday loan in the past six months, which of the following apply to you?

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Sources

Release date

July 2013

Region

United Kingdom (Great Britain)

Survey time period

May 31, 2013 to June 2, 2013

Number of respondents

94 respondents

Age group

18+

Special properties

all respondents who have taken out a payday loan

Method of interview

Online interview

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Statistics on "Personal debt in the United Kingdom"

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