EmpowerCredit Research

PDF: A Survey of Americans

3 in 4 Americans want payday loans to be more regulated.

PDF: Payday Lending in America

On average, a borrower takes out eight (8) loans of $375 each year and spends $520 on interest.

Video: Payday Loans Explained

Follow the story of Jennifer, a typical payday loan customer, who ends up paying more than $500 in fees.

Statistics: Poverty Levels

44% of single parent families with children under the age of 18 have incomes below the federal poverty level.

The Vicious Cycle of Payday Loans

Each year, 12 million Americans take out payday loans.

Statistics: Payday Loans

69% of payday loans are to pay for recurring expenses.

Statistics: Poverty Levels

Half of Nashville's workers make less than $31,000 per year.

Research Review

Half of Americans have almost no savings; car trouble or a toothache can trigger financial ruin.

Statistics: Payday Loans

69% of payday loans are to pay for recurring expenses.