This statistic shows the main reasons UK households have for taking out a payday loan in the United Kingdom (UK) in 2012. Reasons included: to help with day to day household spending, to buy a particular item, and various other reasons for taking out a loan. In 2012, of respondents, 15 percent took out a payday loan in order to consolidate or pay off other debts. 4 percent of respondents took out a payday loan in order to buy a particular item.
Main purpose for taking out a pawnbroker loan in the United Kingdom (UK) in 2012
Characteristic
Share of respondents
To help with day to day household spending
36%
To cover an outstanding bill such as gas or electricity
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Department for Business, Innovation and Skills. (June 1, 2013). Main purpose for taking out a pawnbroker loan in the United Kingdom (UK) in 2012 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/293590/reasons-for-taking-out-a-pawnbroker-loan-in-the-united-kingdom/
Department for Business, Innovation and Skills. "Main purpose for taking out a pawnbroker loan in the United Kingdom (UK) in 2012." Chart. June 1, 2013. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/293590/reasons-for-taking-out-a-pawnbroker-loan-in-the-united-kingdom/
Department for Business, Innovation and Skills. (2013). Main purpose for taking out a pawnbroker loan in the United Kingdom (UK) in 2012. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/293590/reasons-for-taking-out-a-pawnbroker-loan-in-the-united-kingdom/
Department for Business, Innovation and Skills. "Main Purpose for Taking out a Pawnbroker Loan in The United Kingdom (Uk) in 2012." Statista, Statista Inc., 1 Jun 2013, https://www.statista.com/statistics/293590/reasons-for-taking-out-a-pawnbroker-loan-in-the-united-kingdom/
Department for Business, Innovation and Skills, Main purpose for taking out a pawnbroker loan in the United Kingdom (UK) in 2012 Statista, https://www.statista.com/statistics/293590/reasons-for-taking-out-a-pawnbroker-loan-in-the-united-kingdom/ (last visited December 23, 2024)
Main purpose for taking out a pawnbroker loan in the United Kingdom (UK) in 2012 [Graph], Department for Business, Innovation and Skills, June 1, 2013. [Online]. Available: https://www.statista.com/statistics/293590/reasons-for-taking-out-a-pawnbroker-loan-in-the-united-kingdom/
