Story perspectives
Survey Reveals Borrowing Strains Family and Friend Ties
11/5/2025
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Story summary
- A Fair4All Finance survey of 4,000+ adults in England, Scotland, and Wales shows 26% borrow from family and 15% from friends instead of Buy Now Pay Later loans.
- Borrowing often stems from being denied by traditional banks.
- Nine percent report weakened ties with family due to borrowing.
- Seventeen percent report weakened ties with friends due to borrowing.
- Four percent resort to loan sharks, mistaking them for friends.
