Freedom Cash leNders review
www.freedomcashlenders247.com/
Most borrowers use payday loans to cover ordinary living expenses over the course of months, not unexpected emergencies over the course of weeks. The average borrower is indebted about five months of the year.
Payday loans are often characterized as short-term solutions for unexpected expenses, like a car repair or emergency medical need. However, an average borrower uses eight loans lasting 18 days each, and thus has a payday loan out for five months of the year. Moreover, survey respondents from across the demographic spectrum clearly indicate that they are using the loans to deal with regular, ongoing living expenses. The first time people took out a payday loan:
69 percent used it to cover a recurring expense, such as utilities, credit card bills, rent or mortgage payments, or food;
16 percent dealt with an unexpected expense, such as a car repair or emergency medical expense.
www.freedomcashlenders247.com/
Most borrowers use payday loans to cover ordinary living expenses over the course of months, not unexpected emergencies over the course of weeks. The average borrower is indebted about five months of the year.
Payday loans are often characterized as short-term solutions for unexpected expenses, like a car repair or emergency medical need. However, an average borrower uses eight loans lasting 18 days each, and thus has a payday loan out for five months of the year. Moreover, survey respondents from across the demographic spectrum clearly indicate that they are using the loans to deal with regular, ongoing living expenses. The first time people took out a payday loan:
69 percent used it to cover a recurring expense, such as utilities, credit card bills, rent or mortgage payments, or food;
16 percent dealt with an unexpected expense, such as a car repair or emergency medical expense.
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