Nationwide Pew Survey Challenges Conventional Wisdom on Payday Advances

Nationwide Pew Survey Challenges Conventional Wisdom on Payday Advances Americans invest $7.4 billion per 12 months on payday advances, including on average $520 in interest per debtor for eight $375 loans or extensions. The Pew Charitable Trusts establishes a brand new knowledge of borrowers and their demands in Payday Lending in the us Who Borrows, …