Payday loans could provide cash strapped pet owner’s with an invaluable lifeline as it is revealed that vet’s bills have doubled in just three years.
Saga Pet Insurance has identified average vet bills in the UK among the over 50s have increased by 11% since 2008. This is more than double the annual rate of inflation, which has only increased by 5% over the same period. Even more staggering is annual vet fees have increased by 53% since 2007 (from £391) and 101% since 2006 (from £298).
The findings on the increased cost of vet’s bills comes after it was revealed by Sainsbury’s Finance that 56 per cent of vets claim that they have had to put down cats and dogs because their owners could not afford the cost of treating their conditions at some point over the last five years. Read More: Vet’s Bills Increase
Payday Loans for Over 50s in Work
The UK’s over 50s are avid animal lovers with one in five (21%) owning a cat or a dog. However, if you live in the North West and your pet is poorly, you’re more likely to suffer the steepest vet bills in the UK. The average annual bill in this region is £646; 53% more than Northern Ireland and the Channel Islands, the cheapest regions at £421.
For those having trouble paying for vet’s bills if they do not have insurance a one-off hassle free cash loan such as a payday loan could be the answer.
Pay day loans are unsecured short term loans designed to be paid back as quickly as possible. You do not need to fax anything to apply and you can usually get the money paid direct into your bank account within 24 hours. To qualify for a payday loan you must be over 18 and in employment, earning more than £750 each month.