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.