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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