Why Payday Loans are Popular with Some American Borrowers

Payday Loans Borrowers

Loans

Why Payday Loans are Popular with Some American Borrowers

Payday loans are short-term loans to help when you need quick cash. You can use the money to cover immediate expenses until your next check. The amount you can get depends on your state, but loan amounts are generally between $500 and $1000. These loans are popular in the US, and its estimated that more than 12 million Americans have applied for a payday loan at some point.