Typical Payday Loan Customer
December 21st, 2008 | 
Author: We all say…” I would never get a payday loan”, however do you realize who the standard payday loan customer really is? According to paydayfacts.org, there are some common factors about those taking out a payday loan.
- The majority of payday advance customers earn between $25,000 and $50,000 annually.
- Sixty-eight percent are under 45 years old and only 4 percent are over the age of 65.
- Ninety-four percent have a high school diploma or better, and 56 percent have some college or a degree.
- Forty-two percent own their own homes.
- The majority are married and 64 percent have children in the household.
- One hundred percent have steady incomes and active bank accounts, because both are required to receive a payday loan.
Do any of these statistics surprise you? At one point of another we will all go through some sort of hardship, and potentially a payday loan or other short term loan might be your saving grace.
Apply for a payday loan with Cash Cow Advances today.
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