Categories
payday loans st louis mo

Based on the Pew study, 69 % of first-time borrowers utilized their cash advance for a consistent, recurring cost.

Based on the Pew study, 69 % of first-time borrowers utilized their cash advance for a consistent, recurring cost.

Simply 16 per cent reported utilizing their loan for an urgent situation.

Astrada states the payday lending guideline as enacted would not have totally killed the small-dollar loan industry—it could have simply targeted the “worst of the” that is worst (one good reason why some customer advocates did not think the guideline went far sufficient).