In a normal year the payday loan industry generates about $27 billions of dollars in loans. The payday industry operates in 35 states with about 20,000 plus brick and mortar locations. About 76 percent of their loans are where a another loan is made during the same two week period after the previous payday loan is paid off.

This entry was posted on Tuesday, July 20th, 2010 at 8:59 am and is filed under Payday Loan Industry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.