Reference Case Number: FOI7135
Freedom of Information: Right to know request:
I am interested in information pertaining to the high cost short term credit sector, specifically around payday loans. I would like to know:
- How many consumers used HCSTC loans in 2019? (I know you do not collect this data explicitly, however, in early 2019 you were able to estimate this figure - https://www.fca.org.uk/data/consumer-credit-high-cost-short-term-credit-lending-data-jan-2019)
- How many HCSTC loans were originated in 2019?
- What was the default percentage on HCSTC loans across the sector in 2019? How does this compare with typical default rates on loans in 2019?
- What proportion of HCSTC loans were repaid early in 2019?
- What is the total number of loans per UK geographical area in 2019?
FCA response:
Refer to supporting documents below