Each year, millions of Americans borrow payday loans from storefront and online lenders. Do you know who borrows, where they borrow, and why? Take our interactive quiz to learn more!
To learn more, visit our collection of Payday Lending in America resources.
- Date:
- July 19, 2012
- Contact:
- Samantha Lasky | 202.540.6390
- Project:
- Safe Small-Dollar Loans Research Project
- Issues:
- Credit & Lending
Related RESEARCH & ANALYSIS
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May 23, 2013
Payday Loans: Who Uses Them and Why?
Follow the story of Jennifer, a typical payday loan customer who takes out a cash advance and ends up borrowing from her parents to pay it back, an option she could have used initially, instead of taking out a loan. more
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- Infographic
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Payday Loans Do Not Eliminate Checking Account Overdrafts
Payday lenders often advertise their loans as a way to avoid expensive checking account overdrafts. Research shows most borrowers end up paying fees for both. more
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May 9, 2013
Payday Loans Explained
Twelve million Americans take out payday loans every year, but there are still misconceptions about how they are actually used. Follow the story of Jennifer, a typical payday loan customer, who takes out a cash advance on her paycheck to make ends meet, but ends up paying more than $500 in fees. more