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HCSTC borrowers are less inclined to be confident handling cash

HCSTC borrowers are less inclined to be confident handling cash

Based on our Financial Lives Survey 2017, borrowers with HCSTC loans (payday and short-term instalment loans) differ in age.

Figure 5 indicates that borrowers between 25 to 34 years of age keeping loans that are HCSTC33.4%) had been especially overrepresented in comparison to great britain adults within that age groups (17.5%). Likewise, borrowers over 55 yrs old were much less prone to have HCSTC loans (12.2%) compared to the UK population within that generation (34.8%).