Brits 'relying on friends and family'
New research has suggested that many Britons are relying on their friends and family to help them cover their debts.According to figures from a YouGov survey, carried out on behalf of online payments company, PayPal, 48 per cent of the UK population have lent money to their friends and family in the last 12 months.The average amount that people in the UK have lent to friends and family in the last 12 months is £898.52.Cristina Hoole, a spokesperson for PayPal, said that there is no longer any "stigma" attached to borrowing money from friends or family."That just shows that we are feeling a little bit more stretched and turning to alternatives," she added.PayPal is proposing that people can ask for the money that they have leant to their friends or family back through the PayPal service, with an email being sent to the borrower.
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