Reasons for taking out a payday loan in Great Britain 2012

Published by Statista Research Department, Jun 20, 2013
This statistic shows the main purposes for taking out a payday loan in Great Britain in 2012. In 2012, of all respondents, 15 percent said they took out a payday loan in order to consolidate or pay off other debts. The most commonly cited reason was to help with day to day household spending.

Main purposes for taking out a payday loan in Great Britain in 2012

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Sources

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Release date

June 2013

Region

United Kingdom (Great Britain)

Survey time period

2012

Number of respondents

101 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes


This statistic using original data from the Department for Business, Energy and Industrial Strategy and includes copyright material licensed under © Crown, the Open Government License v3.0

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