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…)