About 13 of separated and divorced adults have taken out a payday loan in the last five years. Payday lenders often market their products as short-term fixes for emergency needs, such as car repairs or medical bills. But according to the Pew survey, most users dont use them that way.
Nearly 70 of first-time borrowers say they took out their loans to help pay for basic needs, such as rent, food, utilities, or credit card bills. Only 16 say they borrowed the money for an unplanned, one-time expense. When Pew asked people what they would do if they couldnt use payday loans, they gave a variety of answers.
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A personal loan is paid back to the lender over a set period of time. Fill out the form and see just how much money you can borrow from the comfort of your own home. It's as easy as that.
WHAT IS A PERSONAL LOAN FOR. People get personal loans to help with home repairs, unexpected expenses, holiday shopping, and more. Such a loan from one of our lenders can help you get the cash you need.
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