Connecticut Online Bad Credit

Payday Lending in the usa: Who Borrows, Where They Borrow, and Why

Payday Lending in the usa: Who Borrows, Where They Borrow, and Why FAST SUMMARY Each 12 months, 12 million borrowers save money than $7 billion on payday advances. This report—the first in Pew’s Payday Lending in the usa series—answers major questions regarding whom borrowers are demographically; just just how individuals borrow; just how much they invest; why they normally use pay day loans; how many other choices they’ve; and whether state regulations reduce borrowing or just drive borrowers online. Key Findings 1. [...]