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

Each 12 months, 12 million borrowers save money than $7 billion on payday advances. This report—the first in Pew’s Payday Lending in the usa series—answers questions that are major whom borrowers are demographically; just how individuals borrow; just how much they spend; why they normally use pay day loans; what other choices they’ve; and whether […]