2 ms·
Payday Lending http://www.pewtrusts.org/en/research-and-analysis/fact-sheets/2016/01/payday-loan-facts-and-the-cfpbs-impact http://www.pewtrusts.org/en/researc
by kbutler 9y ago
Payday Lending
http://www.pewtrusts.org/en/research-and-analysis/fact-sheets/2016/01/payday-loan-facts-and-the-cfpbs-impact http://www.pewtrusts.org/en/research-and-analysis/fact-sheet...
"annual percentage rates averaging 391 percent." (That's not a typo)
"Average borrowers earn about $30,000 per year"
"Most borrowers pay more in fees than they originally received in credit "
"each year, spending $9 billion on loan fees. "