Demand for Financial Support: North West and London Lead the Way

Demand for Financial Support: North West and London Lead the Way

At Boshhh, we continuously strive to understand and meet the needs of individuals with poor credit ratings. Our latest research reveals significant geographical demand for financial services among those struggling with credit issues across the UK.

Geographical Demand Highlights

Our data shows that the highest demand for financial support comes from the following regions:

  • North West: 33.53%
  • Greater London: 30.00%
  • Yorkshire and the Humber: 20.59%
  • West Midlands: 10.00%
  • East of England: 5.88%

Lewis Camilleri, Founder and CEO of Boshhh, commented on the findings:

"These findings highlight a significant and urgent need for financial support among individuals with poor credit ratings across various regions in the UK. The substantial demand in regions like the North West and Greater London underscores the importance of our work and motivates us to continue expanding our reach and impact."

Age Demographics and Financial Challenges

Our analysis also provides insights into the age demographics of those affected by poor credit. The average age of individuals seeking financial support is 37.9 years, illustrating that financial difficulties span across a broad age spectrum.

The largest proportion of individuals seeking assistance are within the 25-34 age bracket (31.18%), followed closely by those aged 35-44 (29.41%). This suggests that early to mid-career stages are particularly challenging financially. Additionally, a significant number of individuals aged 45-64 also face credit issues, highlighting ongoing vulnerabilities into later adulthood.

Below is the percentage distribution across different age brackets:

  • 18-24 years: 13.53%
  • 25-34 years: 31.18%
  • 35-44 years: 29.41%
  • 45-54 years: 12.35%
  • 55-64 years: 12.94%
  • 75-84 years: 0.59%

Lewis added:

“At Boshhh, we are committed to providing tailored financial services that address the unique challenges faced by these individuals. Our mission is to ensure that everyone, regardless of their credit history, has access to the resources they need to improve their financial well-being.”

For further information on Boshhh please visit www.boshhh.com

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