This statistic illustrates the value of high-cost short-term credit loans (HCSTC) and the value payable in the United Kingdom (UK) from the third quarter of 2016 to the second quarter 2018, in million British pounds (GBP). During this period the value of HCSTC loans in the UK saw an overall increase from under 290 million British pounds in the third quarter of 2016 to approximately 338 million GBP in the second quarter of 2018.
Value of High-cost short-term credit (HCSTC) loans and loans payable in the United Kingdom (UK) from 3rd quarter 2016 to the 2nd quarter 2018
(in million GBP)
Characteristic
Loan value
Loans payable
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HCSTC loans are unsecured loans with an annual percentage interest rate (APR) of 100% or more and where the credit is due to be repaid, or substantially repaid, within 12 months.
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Financial Conduct Authority. (January 24, 2019). Value of High-cost short-term credit (HCSTC) loans and loans payable in the United Kingdom (UK) from 3rd quarter 2016 to the 2nd quarter 2018 (in million GBP) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/971721/value-of-high-cost-loans-in-the-united-kingdom/
Financial Conduct Authority. "Value of High-cost short-term credit (HCSTC) loans and loans payable in the United Kingdom (UK) from 3rd quarter 2016 to the 2nd quarter 2018 (in million GBP)." Chart. January 24, 2019. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/971721/value-of-high-cost-loans-in-the-united-kingdom/
Financial Conduct Authority. (2019). Value of High-cost short-term credit (HCSTC) loans and loans payable in the United Kingdom (UK) from 3rd quarter 2016 to the 2nd quarter 2018 (in million GBP). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/971721/value-of-high-cost-loans-in-the-united-kingdom/
Financial Conduct Authority. "Value of High-cost Short-term Credit (Hcstc) Loans and Loans Payable in The United Kingdom (Uk) from 3rd Quarter 2016 to The 2nd Quarter 2018 (in Million Gbp)." Statista, Statista Inc., 24 Jan 2019, https://www.statista.com/statistics/971721/value-of-high-cost-loans-in-the-united-kingdom/
Financial Conduct Authority, Value of High-cost short-term credit (HCSTC) loans and loans payable in the United Kingdom (UK) from 3rd quarter 2016 to the 2nd quarter 2018 (in million GBP) Statista, https://www.statista.com/statistics/971721/value-of-high-cost-loans-in-the-united-kingdom/ (last visited August 24, 2024)
Value of High-cost short-term credit (HCSTC) loans and loans payable in the United Kingdom (UK) from 3rd quarter 2016 to the 2nd quarter 2018 (in million GBP) [Graph], Financial Conduct Authority, January 24, 2019. [Online]. Available: https://www.statista.com/statistics/971721/value-of-high-cost-loans-in-the-united-kingdom/
