Who Borrows, Where They Borrow, and Why

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Projects: Consumer Finance
Who Borrows, Where They Borrow, and Why

Pew’s Safe Small-Dollar Loans Research Project surveyed payday loan borrowers about their usage, as well as other options they would use if payday loans were unavailable. The findings present new data on borrowers and challenge the conventional wisdom surrounding payday loan usage. This research will help policy makers consider the best ways to ensure a safe and transparent marketplace for small-dollar loans.

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Payday loans Small-dollar loans
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Consumer Finance

ADDITIONAL RESOURCES

The consumer-friendly moves provide savings to customers over costly lenders

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January 24, 2023 Six of the Largest Banks Offer Affordable Small Loans
Reforming Payday Loans Can Save Consumers Billions

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January 20, 2023 Reforming Payday Loans Can Save Consumers Billions
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January 9, 2023 Rent-a-Bank Payday Lenders Show Loss Rates

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