Level of credit extended via pay day loans (ВЈ billions)

Level of credit extended via pay day loans (ВЈ billions)

Your competitors and areas Authority (CMA) (2014) calculated that, in 2012, there were 1.8 million loan that is payday into the UK, taking out fully around 10.2 million loans well worth ВЈ2.8 billion. These numbers are less than the numbers from Beddows and McAteer (2014) because of different definitions and information sources, nevertheless the CMA noted that their numbers for 2012 express a 35 to 50 percent enhance regarding the preceding year that is financial. […]