This statistic shows the main reasons UK households have for taking out a payday loan over other types of loans in Great Britain in 2012. At 52 percent of respondents, the most common reason cited was that it was the only kind of credit they could get. The speed of obtaining the loan was a main reason for 35 percent.
Main reasons why people decide to take out a payday loan over other types of loans in Great Britain in 2012
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Department for Business, Innovation and Skills. (June 20, 2013). Main reasons why people decide to take out a payday loan over other types of loans in Great Britain in 2012 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/293602/reasons-why-households-take-out-payday-loans-in-the-united-kingdom/
Department for Business, Innovation and Skills. "Main reasons why people decide to take out a payday loan over other types of loans in Great Britain in 2012." Chart. June 20, 2013. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/293602/reasons-why-households-take-out-payday-loans-in-the-united-kingdom/
Department for Business, Innovation and Skills. (2013). Main reasons why people decide to take out a payday loan over other types of loans in Great Britain in 2012. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/293602/reasons-why-households-take-out-payday-loans-in-the-united-kingdom/
Department for Business, Innovation and Skills. "Main Reasons Why People Decide to Take out a Payday Loan over Other Types of Loans in Great Britain in 2012." Statista, Statista Inc., 20 Jun 2013, https://www.statista.com/statistics/293602/reasons-why-households-take-out-payday-loans-in-the-united-kingdom/
Department for Business, Innovation and Skills, Main reasons why people decide to take out a payday loan over other types of loans in Great Britain in 2012 Statista, https://www.statista.com/statistics/293602/reasons-why-households-take-out-payday-loans-in-the-united-kingdom/ (last visited December 23, 2024)
Main reasons why people decide to take out a payday loan over other types of loans in Great Britain in 2012 [Graph], Department for Business, Innovation and Skills, June 20, 2013. [Online]. Available: https://www.statista.com/statistics/293602/reasons-why-households-take-out-payday-loans-in-the-united-kingdom/
