info@transformationnashville.org   |  PO BOX 41793  Nashville, TN 37204

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EmpowerCredit Research

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

PDF: A Survey of Americans

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

PDF: Payday Lending in America

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

Video: Payday Loans Explained

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

Statistics: Poverty Levels

Each year, 12 million Americans take out payday loans.

The Vicious Cycle of Payday Loans

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

Statistics: Payday Loans

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

Statistics: Poverty Levels

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

Research Review

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

Statistics: Payday Loans