Shopping Spree or a Holiday? It Depends What Department You Are In

HERTFORDSHIRE, ENGLAND, August 28, 2010 (Press-News.org) A survey carried out via a business networking site* has reinforced the different business stereotypes, with the image of a scruffy IT worker stuck in front of his computer screen all day and longing for his holiday appearing true!

The independent poll was in response to recent research from payday loans lender www.speed-e-loans.com ** which highlighted how 50% of their borrowers are white collar workers and professionals. The poll wanted to see just what an average professional would spend GBP250 on (this is the highest amount new speed-e-loans customers can borrow).

The results reinforced perceived business stereotypes:

- 100% of IT workers and consultants (who tend not interface with customers and so may not be so bothered about new clothes) said they'd go on holiday if they had GBP250 spare;
- This is in stark contrast to 100% of those in the image-conscious Business Development and Marketing professions - they'd spend the money on clothes.

Gary Miller-Cheevers from speed-e-loans commented: "The poll was done as a bit of fun to see just what our average professional would spend the equivalent of a payday loan on, but we were surprised just to see how correct business stereotypes are!"

As expected, nearly a third of all respondents (32%) would spend the money on a holiday while 31% would spend the money on a gadget.

Other stats:

- those in the 18-24 age group would spend the money both equally on gadgets and clothes;
- 100% of those aged 55+ would spend it on food and drink;
- of those who said they'd spend the money on something work-related (6%), they were all male and aged 35-54.

*Poll carried out on behalf of speed-e-loans for period 22.01.10-28.08.10 via business networking site LinkedIn.

**Research from speed-e-loans. Data for period 05.02.10 - 20.05.10 showed that that the top 3 borrower employment categories consisted of Office workers and Administration (23%); People employed in Management (14%) and Sales & Marketing (13% of all borrowers). The figures also showed that 7% of all borrowers are Solicitors, Accountants, Doctors or Financial Advisers.

www.speed-e-loans.com is a practical alternative to banks that can no longer help their customers with their short term financial needs. Privately backed by people who understand our customers, our mission is to provide instant decisions and two hour money whenever they need it.

We are at the cutting edge of modern consumer finance by offering small, short term loans online with real speed and ease. We are flexible and paper free which means you can apply using our easy-to-use website whenever you need cash in a hurry. We also offer a prepaid MasterCard that can be loaded with your payday loan. We have a consumer credit licence from the Office of Fair Trading.