Each year around 12 million employees take out a payday loan. The common annual wage of the workers is $30,000. With your data in your mind, it is easy to see that the workers who require this crisis cash are those who will be frequently struggling most difficult to cover it back вЂ” in fact, predatory loan providers have already been proven to target them particularly. ItвЂ™s time and energy to look at the generation that is new payday advances and exactly why they are simply as dangerous.
As technology continues to disrupt a few sectors of our day-to-day life, Silicon Valley has arrived to disrupt and rebrand loans that are payday. Continue Reading