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

shared by curiona on Jul 19, 2012 in Economy

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Each year, 12 million borrowers spend approximately $7.4 billion on payday loans. This infographic explains why they use payday loans; what other options they have; and whether state regulations reduc...
Category: Economy
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<div class='visually_embed'><img class='visually_embed_infographic' src='https://visual.ly/node/image/49302?_w=540' alt='Payday Lending in America: Who Borrows, Where They Borrow, and Why' /><div class='visually_embed_cycle'><span>by </span><a target='_blank' href='http://www.cudesign.net?utm_source=visually_embed'>curiona</a>. <br/></div><script type='text/javascript' src='https://a.visual.ly/api/embed/49302?width=540' class='visually_embed_script' id='visually_embed_script_49302'></script><p> From <a href='https://visual.ly?utm_source=content-embed&utm_medium=embed'>Visually</a>.</p></div>

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<div class='visually_embed'><iframe width='1' height='1' style='width: 1px !important; height: 1px !important; position: absolute;left: -100px !important;' src='https://visual.ly/track.php?q=https://visual.ly/community/infographic/economy/payday-lending-america-who-borrows-where-they-borrow-and-why&slug=communityinfographiceconomypayday-lending-america-who-borrows-where-they-borrow-and-why'></iframe><a href="https://visual.ly/community/infographic/economy/payday-lending-america-who-borrows-where-they-borrow-and-why/?utm_source=visually_embed"><img class='visually_embed_infographic' src='https://visual.ly/node/image/49302?_w=540' alt='Payday Lending in America: Who Borrows, Where They Borrow, and Why' /></a><div class='visually_embed_cycle'><span>by </span><a target='_blank' href='http://www.cudesign.net?utm_source=visually_embed'>curiona</a>. <br/></div><p> From <a href='https://visual.ly?utm_source=content-embed&utm_medium=embed'>Visually</a>.</p></div>
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