(PRWEB) January 25, 2012

The Association of Business Recovery Professionals, the trade organization for bankruptcy lawyers and counselors in the United Kingdom, recently published the latest findings from its periodic survey into the financial practices of British residents. CashKingPaydayLoans.com provides consumers with valuable information and resources for their short term financial needs.

The Association, popularly known as R3 in Britain, surveyed 2,000 British adults in late October 2011. The surveys findings have been widely discussed in the British media, as they have come at a time when the country is engaged in an intense debate over the governments approach to the prolonged economic downturn and how to handle fallout from the European debt crisis.[1]

Payday loans figured prominently in the survey. R3 asked numerous questions about payday lending and customer borrowing activity and its research marked the first extensive look into how consumers in Britain are using payday loans, which have only been available in the UK for the past few years.

This focus on payday loans makes the results of particular interest to financial experts in the US, where the debate over payday loans has been going on for quite some time.

Some key findings from the survey: