1million Brits use payday loans to cover monthly bills

28 per cent of Brits use credit cards, overdrafts, payday loans and other loans to cover the cost of household bills each month according to new research from Santander.

Instead of using money from their current account, Brits are borrowing £3.6 billion through payday loans each month to meet the cost of gas, electricity, council tax, water and other household bills, which is equivalent to around £259 for each person borrowing money.

If you are using payday loans, then you should consider giving us a call to see if you are able to remotgage your property and reduce your monthly outlay.

Call 01489 580020 or email info@parkgate.net where we can arrange a mutual time to discuss your requirements.

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