Payday Pundit

News and Information About The Payday Lending Industry

Payday Pundit header image 2

Payday loan customers are banked!

August 21st, 2008 · No Comments

The Pundit was reading this nice story about helping people get banked and then I to this part: 

Based on U.S. Census data, it is estimated that 6,000 households in the City of Evansville are unbanked. Some families spend as much as $75 a month, or $900 per year, on cashing checks and getting cashier’s checks to pay their bills. In addition, Evansville residents spend an estimated $6 million each year on payday lending fees. Without a bank account, these families aren’t able to build assets to achieve long-term financial stability.

We’re usually not this aggravated until around Noon. 

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • StumbleUpon
  • TailRank

Tags: Illinois · alternatives · customers · industry · local issues · media coverage · states

0 responses so far ↓

  • There are no comments yet...Kick things off by filling out the form below.

Leave a Comment