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Speedeloans Says That Payday Loans Borrowers are Making Their Money Go Further
"The average payday loans customer in December 2011 stretched their borrowing for an extra 4 days - compared to the same period in 2010". HERTFORDSHIRE, ENGLAND, February 26, 2012 /24-7PressRelease/ -- Payday loans borrowers are making their loans go further, suggests the latest figures from www.speed-eloans.com. The average customer in December 2011 stretched their borrowing for an extra 4 days - compared to the same period in 2010. This may imply they are being more budgetconscious and eking out the money, rather than rushing out and blowing it, says Gary MillerCheevers, CEO from speedeloans.
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The data for December 2011 also rung some other changes with the average payday loans borrower now:
- more likely to be male (55% of borrowers in December 2011 were male compared to 50% for the same period in 2010);
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- taking an average loan of GBP257 (up 10% on December 2010 figures);
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- having pre-agreed borrowing for 39 days (up from 35);
- earning 3% more in December 2011 compared with December 2010;
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- having less non-related debt (was GBP8,559 in December 2010 to GBP5,596 in December 2011).
Regionally, there was no change, with the top three towns / cities where borrowers live still being:
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We are at the cutting edge of modern consumer finance by offering small, short term loans online with real speed and ease. We are flexible and paper free which means you can apply using our easy-to-use website whenever you need cash in a hurry. We have a consumer credit licence from the Office of Fair Trading.
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- being slightly older at age 34 (compared to 32 in December 2010);
speedeloans.com is a practical alternative to banks that can no longer help their customers with their short term financial needs. Privately backed by people who understand our customers, our mission is to provide instant decisions and two hour money whenever they need it.
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Website: http://www.speed-e-loans.com ---
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