Lending to friends can become a headache

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More than half of Brits (57 per cent) often lend money to friends and family.

A third (34 per cent) have either fallen out with someone over money or know someone who has.

One in five (18 per cent) would rather take out a payday loan than ask loved ones for money.

Sixty per cent worry that lending money would damage their relationship with the person they’re lending to.

One in 10 (10 per cent) lent between £250 and £1,000 to family and friends last year.

One in three has lent money to cover a friend’s or family member’s bills or debts.