Infographic: Payday Loans Borrowers Survey

Here is an interesting infographic on payday loans borrowers survey

payday loans borrowers survey

Community Financial Services Association of America found that payday loans borrowers are significantly more educated in their financial decision making than was previously thought. Most notably, the study found that the average payday loan borrower thoroughly considers the costs and terms associated with a loan, before making any decisions. Additionally, 95% of respondents reported that they value having the option to take out a payday loan, and that it should be their choice to do so.