HCSTC borrowers tend to reside in rented properties or with moms and dads

HCSTC borrowers tend to reside in rented properties or with moms and dads

Debtor insights

Borrowers is predominantly younger

In accordance with our Financial life study 2017, borrowers with HCSTC loans (payday and instalment that is short-term) vary in years.

Figure 5 suggests that borrowers between 25 to 34 yrs . old keeping loans that are HCSTC33.4%) had been particularly overrepresented in comparison to great britain grownups within that age groups (17.5%). (more…)

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