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The trend previously described may help to spell out why many consumers by having a payday

  • date
  • April 6, 2021

The trend previously described may help to spell out why many consumers by having a payday Borrower insights. Borrowers are predominantly young Based on our Financial Lives Survey 2017, borrowers with HCSTC loans (payday and short-term instalment loans) differ in age. Figure 5 suggests that borrowers between 25 to 34 yrs old keeping HCSTC loans (33.4%) had been especially overrepresented in comparison to great britain grownups within that age groups (17.5%). Likewise, borrowers over 55 yrs . old had been considerably less prone to have HCSTC loans (12.2%) set alongside the UK population within...

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