HCSTC borrowers have a tendency to are now living in rented qualities or that have moms and dads
Consumers is mostly younger
Contour 5 suggests that consumers anywhere between twenty five to help you 34 yrs old carrying HCSTC finance (33.4%) was eg overrepresented compared to United kingdom people within one to ages variety (17.5%). Likewise, borrowers more 55 yrs . old was reduced planning has HCSTC fund (twelve.2%) as compared to United kingdom population in this you to definitely generation (34.8%). New survey as well as unearthed that 60% away from pay day loan consumers and you will 45% to own brief-identity instalment finance have been lady, weighed against 51% of British populace becoming people. Read More
