HCSTC consumers tend to reside in leased properties otherwise having moms and dads
Consumers was mostly more youthful
Shape 5 signifies that individuals ranging from twenty-five to 34 years of age holding HCSTC finance (33.4%) was in fact eg overrepresented compared to the United kingdom people in this that ages variety (17.5%). Similarly, individuals more than 55 years of age was in fact much less likely to have HCSTC financing (several.2%) versus British people within this that age bracket (34.8%). Brand new survey and discovered that 60% from cash advance borrowers and you may forty-five% to have short-title instalment finance have been people, compared to 51% of your United kingdom population becoming female.
Five in six HCSTC customers are performing regular. Our very own investigation away from 24 months off PSD, from Q3 2016 so you're able to Q2 2018 suggests new quantity has actually changed very little more than this era although there is a small fall off regarding the part of individuals to the benefits having fun with HCSTC off 3.9% inside the 2016-2017 to 3.0% during the 2017-2018.Read more
