HCSTC consumers tend to are <a href="https://paydayloanmaryland.org/cities/college-park/">online payday loans College Park</a> now living in hired properties or having parents

Borrowers is mostly young

Figure 5 means that consumers between twenty-five so you’re able to 34 yrs old holding HCSTC funds (33.4%) was basically like overrepresented versus Uk grownups in this you to ages assortment (17.5%). Likewise, individuals more 55 years old have been significantly less going to have HCSTC money (a dozen.2%) than the Uk population within this you to definitely age group (34.8%). The brand new questionnaire along with discovered that sixty% of pay day loan borrowers and you may 45% having small-identity instalment fund was female, in contrast to 51% of the British population getting females.

Four during the six HCSTC customers are doing work regular. All of our analysis of two years away from PSD, off Q3 2016 to help you Q2 2018 reveals brand new quantity keeps altered hardly any more this era even though there is actually a slight fall off from the part of anyone on positives having fun with HCSTC away from 3.9% from inside the 2016-2017 to three.0% from inside the 2017-2018.