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Quidable.co.uk operates as a broker. This means that we connect you to a large network of trusted and licensed lenders. After you fill out our quick payday loan request form, we will try to match you with a reputable lender. Our team of trusted experts can advise you on the appropriate option for your specific financial needs.
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Each UK household spent or invested more than £900, on average, than it received in income in 2017, according to the Office for National Statistics.
This shortfall led to borrowing or dipping into savings. In fact, families took out almost £80 billion in loans in the same year but only saved £37 billion with UK banks, which was the lowest amount since 2011.
Financial experts also advise that borrowers save more in order to avoid high-cost lending.