Infographic: Payday Loan Industry in Numbers

Payday Loans: The Industry In Numbers 62,400,000 Pre-tax profits in pounds made by the largest payday lender, Wonga, in 2011 550 High street branches opened by the Money Shop by October 2012 8,200,000 Estimated number of loans taken out in 2011/12 Lenders which account for more than half the market by turnover and loan value 2,200,000,000 Value in pounds of the industry in 2011/12, according to the OFT,' up from £900m in 2008/9 51 Amount in pounds one lender charges borrowers for a loan of £100 7,221 Number of people StepChange saw with five or more payday loans in 2012 LENDERS BROKERS