That is the “typical” cash advance debtor? Here you will find the stats:
- Significantly more than 60% of pay day loan borrowers are females
- The normal chronilogical age of a debtor is 25 to 54
- The common income that is annual $25,000 to $75,000
- Borrowers have actually checking reports (typically a necessity for a loan)
- Borrowers are utilized (also a requirement for a financial loan)