Sentences with phrase «while payday loan customers»

The study found that while payday loan customers frequently do not have perfect credit scores, their average household income generally falls below $ 50,000 but above $ 20,000.

Not exact matches

While the rates offered by the company were much higher than those for other online lenders, customers are not required to provide collateral, and rates are still lower than what you would see for payday loans or no credit check loans.

A new report published last week by the Pew Charitable Trusts states that while consumers often turn to payday lenders in order to avoid writing bad checks or getting hit with overdraft fees, in many cases customers wind up paying overdraft and payday loan fees.

Payday lenders, while not having any collateral requirements, in most cases may be compared with loan sharks, as the interest rates they charge are hundred times more than the interest rates banks charge their customers.

While the rates offered by the company were much higher than those for other online lenders, customers are not required to provide collateral, and rates are still lower than what you would see for payday loans or no credit check loans.

Reducing borrowing rates while simultaneously increasing loan amounts means that when compared to payday lenders, LendUp customers can save hundreds of dollars a year in interest and fees.