Loan-Level Information

Loan-Level Information

Information from payday loan providers

The FCA data comprise loan-level records for applications to U.K. payday loan providers from January 1, 2012, to December 31, 2013, including first-time and repeat applications. The data includes records of successful loan applications and loan performance (including information on default and late payments) for thirty-seven lenders operating in the payday loan market, who together constitute 99% of the total market by loan volume. Within these loan providers, extra data ended up being collected for eleven big loan providers whom together constitute more or less 90% associated with the market by loan amount. Information includes information on unsuccessful applications plus the credit history value assigned every single application.Continue reading