Wealth Builders International

Payday loan statistics:40% of Americans struggle to come up with $400 for an unexpected expense.Average payday loan borrowers earn about $30,000 per year, with about 58% having trouble meeting their monthly expenses.The average payday loan has $520 in fees for borrowing $375 initially. The average fee a payday lender charges is $55 per a two week loan. The average payday loan requires a payment of $430 from the next paycheck, equating to 36% of a borrower’s gross pay.The average pay day loan interest rate i