UK Motorists Lose More Than £1.3 billion in Parking Charges

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Lending Stream research shows 84% of people are caught unaware by parking fines

Lending Stream, the short term loans company, has revealed that British motorists are wasting over £1.3 billion in parking charges, with drivers forking out on average £67 for each parking fine.

Specialist in short-termshort term loans, the Lending Stream research showed that 84% of parking tickets are issued when motorists are caught unaware in a parking zone.

The survey by Lending Stream also showed that nearly two thirds (59%) of UK motorists have been charged for being in the wrong place at the wrong time, and a quarter (25%) have received a parking ticket for simply overstaying on their ticket - sometimes for as little as a few minutes.

With the nation’s motorists continuing to be caught out by parking charges, Lending Stream advises that for those that have received a parking fine a short term loan, a substitute to payday loans, can be a good way to cover the additional short term expense.

Unlike a payday loan, a short term loan from Lending Stream can be paid back anytime over a period of six months.

Getting a short term loan from Lending Stream can also be very quick like instant payday loans. For example, short term loans could be availed online so as to get the money transferred to your account safely on the same day. Lending Stream’s average short term loan amount is £200. However, short term loans can be offered at amounts between £80 and £720.

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