National cash advance corporate office

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National cash advance corporate office

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National cash advance corporate office

About 13 of separated and divorced adults have taken out a payday loan in the last five years. Payday lenders often market their products as short-term fixes for emergency needs, such as car repairs or medical bills.

But according to the Pew survey, most users dont use them that way. Nearly 70 of first-time borrowers say they took out their loans to help pay for basic needs, such personal loan approval process rent, food, utilities, or credit card bills. Only 16 say they borrowed the money for an unplanned, one-time expense.

When Pew asked people what they would do if they couldnt use payday loans, they gave a variety of answers. More than 80 said they would cut back on basic expenses, such as food and clothing. More than half also said they would pawn something or borrow from friends and family.

However, most users did not say they would use credit cards or take out bank loans possibly because many dont have good enough credit to qualify. Dangers national cash advance corporate office Payday Loans.

National cash advance corporate office