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

Payday Lending in the usa: Who Borrows, Where They Borrow, and exactly why FAST SUMMARY Each 12 months, 12 million borrowers save money than $7 billion on pay day loans. This report—the first in Pew’s Payday Lending in the usa series—answers major questions regarding whom borrowers are demographically; exactly exactly just how individuals borrow; just how much they invest; why…