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Payday Lending in the us: Who Borrows, Where They Borrow, and just why

Payday Lending in the us: Who Borrows, Where They Borrow, and just why FAST SUMMARY Each 12 months, 12 million borrowers spend more than $7 billion on pay day loans. This report—the first in Pew’s Payday Lending in the usa series—answers questions that are major whom borrowers are demographically; exactly just how individuals borrow; simply …

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