Welcome to Tip’d, a social media site for finance, investing, and business topics. Want to participate? » Join Tip’d now! or read our FAQ.
# Payday loans cost consumers over $4.2 billion in predatory fees each year.
# The typical payday borrower pays back $793 for a $325 loan.
# Ninety percent of the payday industry’s revenues come from consumers who get five or more loans in a year.
Save & Share
Spam? Topple this!
# The typical payday borrower pays back $793 for a $325 loan.
# Ninety percent of the payday industry’s revenues come from consumers who get five or more loans in a year.
Save & Share
Spam? Topple this!
CanadianFinance
jeffrose
consumerboomer
amabaie
freefrombroke
elle
ObliviousInvestor
moneymatters
CreditCardsCanada
mattjabs
arohan
MoneySmart
Comments
Want to leave a comment on this story? Login or join Tip'd to comment.