Home В» We Blog В» Seniors Turning To Pay Day Loans A Scary Trend
In a research released by Hoyes Michalos, we realize that payday advances really are a problem that is big. This is also true for folks who already are holding high degrees of bank card as well as other debt that is revolving. What’s specially worrying if you ask me may be the numbers that are astounding seniors (ages 60+) whom utilize payday advances. Like quite a few consumers whom look to pay day loans, seniors are employing their pay day loan to settle pre-existing financial obligation. Though the normal pay day loan debt owed with a senior is greater than just about any age category, that should raise an alarm. (more…)