Taking a Look at the Average Payday Borrower

TAKING A LOOK AT THE AVERAGE PAYDAY BORROWER *** In the U.S.,12 million adults use payday loans each year. The average national household income for borrowers is $48,000/year. The typical payday loan size is $346. LOAN 100 80 60 40 20 93% 16% A Harris Interactive survey found that 16 percent of first-time borrowers do 93 percent of recent borrowers carefully weighed risks and benefits before taking out a loan. so because of an emergency or unexpected expense. 84% 60% 84 percent of those who take out a loan are high school graduates. 60 percent of borrowers are women. http://visual.ly/payday-loan-borrower-survey QUIK http://www.aboutpayday.com/wp-content/uploads/2012/0 5/Payday-Loan-Borrower-Demographics.jpg CHECK http://www.responsiblelending.org/state-of-lending/car-titl e-loans/car-title-similarities-final.png Lending Money Your Way, Every Day