It has been estimated that 4 out of 5 payday loan borrowers do not pay back their payday loans and renew their loans within 2 weeks (Source: Consumer Financial Protection Bureau). In the labyrinth of personal finance, payday loans often stand as a controversial yet seemingly indispensable option for many individuals grappling with financial emergencies. […] The post How Many People Don’t Pay Back Payday Loans? appeared first on Dollar Hand.
