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The development of payday financing in the united kingdom

The development of payday financing in the united kingdom Quotes associated with measurements of this payday financing industry in great britain differ dependent on definition and repository. Beddows and McAteer (2014) approximated that the total amount of credit extended via payday advances had increased ten-fold from £0.33 billion in 2006 to £3.709 billion in 2012, making use of their definition including ‘traditional payday advances and short-term money advances’ (Beddows and McAteer, 2014: 7) as shown in Figure 1 ) Level...

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