This statistic illustrates the level of credit card users understanding with regards to minimum repayment requirements in the United Kingdom (UK) in November 2015. A total of 37 percent of those users surveyed stated that minimum repayment requirements were quite easy to understand.
United Kingdom: How easy or difficult is it to understand minimum repayment requirements on credit cards?
Sample broken down as follows:
65 percent had credit card(s) and used it/them in the last 12 months. (active users): 25,879 weighted.
5 percent had credit card(s) but did not use it/them in the last 12 months. (inactive users): 2014.
30 percent did not have a credit card (non-users): 11944.
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Financial Conduct Authority. (November 3, 2015). United Kingdom: How easy or difficult is it to understand minimum repayment requirements on credit cards? [Graph]. In Statista. Retrieved December 26, 2024, from https://www.statista.com/statistics/510404/credit-card-users-understanding-of-minimum-repayment-requirements-united-kingdom/
Financial Conduct Authority. "United Kingdom: How easy or difficult is it to understand minimum repayment requirements on credit cards?." Chart. November 3, 2015. Statista. Accessed December 26, 2024. https://www.statista.com/statistics/510404/credit-card-users-understanding-of-minimum-repayment-requirements-united-kingdom/
Financial Conduct Authority. (2015). United Kingdom: How easy or difficult is it to understand minimum repayment requirements on credit cards?. Statista. Statista Inc.. Accessed: December 26, 2024. https://www.statista.com/statistics/510404/credit-card-users-understanding-of-minimum-repayment-requirements-united-kingdom/
Financial Conduct Authority. "United Kingdom: How Easy or Difficult Is It to Understand Minimum Repayment Requirements on Credit Cards?." Statista, Statista Inc., 3 Nov 2015, https://www.statista.com/statistics/510404/credit-card-users-understanding-of-minimum-repayment-requirements-united-kingdom/
Financial Conduct Authority, United Kingdom: How easy or difficult is it to understand minimum repayment requirements on credit cards? Statista, https://www.statista.com/statistics/510404/credit-card-users-understanding-of-minimum-repayment-requirements-united-kingdom/ (last visited December 26, 2024)
United Kingdom: How easy or difficult is it to understand minimum repayment requirements on credit cards? [Graph], Financial Conduct Authority, November 3, 2015. [Online]. Available: https://www.statista.com/statistics/510404/credit-card-users-understanding-of-minimum-repayment-requirements-united-kingdom/
