> Most borrowers use payday loans to cover ordinary living expenses over the course of months ... 69 percent used it to cover a recurring expense, such as utili

> Most borrowers use payday loans to cover ordinary living expenses over the course of months ... 69 percent used it to cover a recurring expense, such as utilities, credit card bills, rent or mortgage payments, or food; https://www.pewtrusts.org/en/research-and-analysis/reports/2012/07/19/who-borrows-where-they-borrow-and-why https://www.pewtrusts.org/en/research-and-analysis/reports/2... Pay day loans are primarily used as a way to prolong an unsustainable lifestyle. That is not banking. That is selling people a fantasy and helping them dig themselves deeper into a hole of debt.