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Payday Loan Debt Rates by U.S. Demographic

Payday Loan Debt Rates by U.S. Demographic

On average, approximately 12 million Americans are using payday loans on an annual basis. According to PEW research, 5.5% of the nation’s adult population has used some form of payday lending service within the last 5 years, with ¼ of people using an online lending service and ¾ using storefront […]

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Will the Government Eliminate Payday Loans?

Will the Government Eliminate Payday Loans?

With more than 12 million Americans using payday loans annually, many are beginning to wonder if the government will ever eliminate payday loans. In recent years, the amount of people using payday loans has steadily increased, and so has their debt. According to a recent PEW’s survey, “5.5 percent of […]

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