EmpowerCredit Research

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

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

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

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

Each year, 12 million Americans take out payday loans.

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

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

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

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