Borrowers utilize pay day loans for ordinary costs perhaps maybe maybe not economic emergencies, states research

This informative article first starred in the St. Louis Beacon, July 18, 2012 – Pew scientists are finding that a lot of borrowers whom take out payday advances utilize them to pay for ordinary bills, perhaps perhaps maybe perhaps not unanticipated emergencies — a discovering that contradicts industry marketing that emphasizes pay day loans as short-term choices to protect economic emergencies. [Read more...]