Categorized | Colorado, customers

Wonder what the reason is?

Consumers are using fewer payday loans in Colorado.  From the story:

The statistics show that Colorado consumers who took the payday loans of high interest in 2008 were more in numbers when compared to that of 2009. However, the amounts being borrowed were larger in 2009. The number of people taking the loan actually saw a drop to 8.8% in 2009 from that of 10.3% in 2008. But, the amount of money taken as a loan grew around 2%. The lending report was dispatched by the Attorney General’s office in Colorado. 

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