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Archive for May, 2010

Families in Great Britain are still struggling with finances as a result of the latest recession. Since the end of 2008, when the global financial crisis hit family finances, until June 2010 more families in Britain are having arguments and suffer from stress.
Home is where the heart is, as the saying goes. When our home suffers emotional stress, the effect of the recession is more worrying than ever.
Research by the Yorkshire bank reveals that over 2 million families in the UK state they feel serious strain and stress on a day to day basis. Also, over a million of UK families have frequent arguments resulting from pressure to pay bills and family cash flow concerns.

The bank research shows that over a third of a million families have their grown up children return to the nest of their parents home.
Leaning on the parents for financial support is increasing in “popularity”, with the obvious reason being money saving.
Moreover, 513,000 British families have mature children stay at home more than one would expect. The number one cause according to the study is the recession.
To quote Professor Durkin at the Psychological studies department at Strathclyde University, the British families suffer a great deal from the financial stress. What happens is that parents and mature children become depressed, irritable and even drift apart.
The parental care becomes rather worrying. The more agitated a parent is, the less they take good care of their grown up kids.
Children might notice their parents anxiety over financial concerns.
Studies reveal that adolescents in homes where money is tight are more at risk of psychological problems.
Should you feel concerned over a financial problem and need cash for emergency payment or an unexpected bill, payday loans are able to serve as a successful solution.
Once you apply online for a payday loan of your choice, you can quickly get money into your bank account and pay all your monthly payments, hassle free. It is a good relaxing feeling you have paid all your bills on time. See what king of payday loan fits your financial needs.

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New research by Payday Bank UK, a reliable payday broker in Britain, reveals that more Brits in various cities apply for a loan online. As you may expect, the high cost of living in London led the city to be with 35.97% of the population applying for a personal loan.
The low cost of living in Wales relative to London which accounts for a massive amount of the loans. After London came Manchester second with 7.10% of the loan applications and Birmingham came in third with 4.91%.

The Scottish adults do not seem to be as financially cautious as the Welsh and
fourth place was taken by the capital of Scotland, Glasgow with 2.22%. Fifth place came Edinburgh with 1.29%.

Ohad Hessel, the Marketing Manager at Payday Bank commented that the research was surprising in its findings. The surprise is the reality of where exactly payday loans are increasing in popularity. Hessel continues to comment on that while London accounts for a third of payday loans entire applications, there is not one Welsh city applying for the loan .

The top 5 Great Britain’s cities and towns where Payday Loans gain Popularity are:
1) London- 35.97 percent.
2) Manchester- 7.10 percent
3) Birmingham- 4.92 percent
4) Glasgow- 2,22 percent
5) Edinburgh- 1.29 percent
Sheffield, Leeds, Bristol, Sal-ford and Wembley are also applying for payday loans in the top ten of the UK cities.
The remaining 43 percent of payday loans applications have less than 1 percent per location. See how payday loans can help sort out finances by personal research online.

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