October 31, 2009
Recent Study of Payday Loans.
A study completed by a public interest research group revealed that the nationwide average annual percentage rate of payday loans is nearly five hundred percent. It seems to me that just a decade ago, getting payday loans wasn’t so commonplace. I’m not sure what to attribute the increase to. Unemployment rates are up and as well recession has headed out all around. Yes, the US is currently in recession and this has influenced the normal living of people all around. Gas prices are unpredictable. Most likely, there are a number of contributing factors that make this so and I trul find it interesting to see.
