a project on pay day Lending in Louisiana. Shared at the Together Louisiana Statewide troubles convention on March 15th, 2014.
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1. Pay check credit in Louisiana Statewide problem gathering February fifteenth, 2014
2. Just who? ways? WHAT?
3. Who Utilizes A Pay-day Finance?
4. Families with little ones Earning $15,000 — $40,000 annually Disproportionately AfricanAmerican or Latino dismal credit records requirement supplemental income for problems and basic living expenses cultural safety customers
5. Just how many someone take-out pay day loans in Louisiana?
6. Pay day really loves Louisiana 23per cent of Louisiana families use predatory financing 6th top in the usa US ordinary: 18percent About 57,000 Louisiana people remove cash loans per year Origin: Louisiana allowance job
7. Pay Day Business Design
8. Payday business design massive amounts & billions functioned # of McDonalds # of Payday Retailers 12,800 20,600 230 936
9. Pay check enterprize model = numerous perform lending while the financial obligation mistake. (more…)