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

FAST SUMMARY Each 12 million borrowers spend more than $7 billion on payday loans year. This report—the first in Pew’s Payday Lending in the usa series—answers major questions regarding whom borrowers are demographically; just just just how individuals borrow; just how much they invest; why they normally use payday advances; the other choices they’ve; and […]

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