(PRWEB UK) 17 September 2012
New research conducted by bank, Santander, suggests that 28% of people use some form of credit each month to help pay household bills. Of the nine million people who take this action, 7.5 million use credit cards, with a further million turning to payday lenders according to estimates. 17 % of those who borrow to meet forthcoming bills do so using an arranged overdraft. The findings also displayed that younger people are more likely to borrow money to cover bills with 38% of 18-34 year olds doing so.
Trusted UK firm, Dosh Express, offer reliable and straightforward payday loans through their website, doshexpress.com. Always keen to actively research new industry updates and developments, the team found the recent news particularly intriguing and a representative shares their thoughts on the subject.
“It comes as little surprise that with wages freezing and shopping and utility bills rising, people are finding it difficult to reach their monthly payments. At Dosh Express we take a responsible approach to lending, and only offer our services to those over 18 and in full-time employment.”
The research also indicated that despite nearly a fifth of people looking into alternative payment sources to help cover bills, only 32% regularly make the effort to check for cheaper deals on services such as utilities.
The experts at Dosh Express explain how this figure could be improved.
“Our advice to our customers is always to research all possible actions before taking out a payday loan. Whilst they can hold numerous benefits, it is always worth addressing your budgeting strategy first to see if any amendments can be made.”
Dosh Express is the Honest Lender, helping you get to payday. Based in Castle Donington, in the Midlands, the company’s mission is to provide a great lending service to thousands of our happy customers and be a great place of employment for our staff. Please visit doshexpress.com to apply for a loan, and if you are approved cash is usually deposited in your account within minutes, subject to status. Dosh Express, the trading name of Dosh Express Limited, is a consumer lender offering short-term payday loans, is a member of the Consumer Credit Trade Association (CCTA), and is licenced and regulated by the Office of Fair Trading.