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
Characteristic
Share of respondents
To help with day to day household spending
44%
To cover an outstanding bill such as gas or electricity
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Department for Business, Innovation and Skills. (June 20, 2013). Main purposes for taking out a payday loan in Great Britain in 2012 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/293583/reasons-for-taking-out-a-payday-loan-in-great-britain/
Department for Business, Innovation and Skills. "Main purposes for taking out a payday loan in Great Britain in 2012." Chart. June 20, 2013. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/293583/reasons-for-taking-out-a-payday-loan-in-great-britain/
Department for Business, Innovation and Skills. (2013). Main purposes for taking out a payday loan in Great Britain in 2012. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/293583/reasons-for-taking-out-a-payday-loan-in-great-britain/
Department for Business, Innovation and Skills. "Main Purposes for Taking out a Payday Loan in Great Britain in 2012." Statista, Statista Inc., 20 Jun 2013, https://www.statista.com/statistics/293583/reasons-for-taking-out-a-payday-loan-in-great-britain/
Department for Business, Innovation and Skills, Main purposes for taking out a payday loan in Great Britain in 2012 Statista, https://www.statista.com/statistics/293583/reasons-for-taking-out-a-payday-loan-in-great-britain/ (last visited December 23, 2024)
Main purposes for taking out a payday loan in Great Britain in 2012 [Graph], Department for Business, Innovation and Skills, June 20, 2013. [Online]. Available: https://www.statista.com/statistics/293583/reasons-for-taking-out-a-payday-loan-in-great-britain/
