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Payday lending [Infographic]

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Updated: 3/31 2:38 pm

(BPT) - Nearly 20 million American households borrow payday loans to manage their expenses each year. But there is remarkably little insight into their experiences or rationale. According to a new national public opinion survey, an overwhelming majority of payday loan borrowers not only understand the terms of their loans, they also value having this credit option and use it responsibly. The following infographic outlines the findings of the survey conducted by Harris Interactive, an international research and polling company, for the Community Financial Services Association of America (CFSA).


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