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Emergencies happen, when you least expect them and most of them impose a financial burden. Information and statistics about short term personal loans. **. 1.
Approximately 12 million Americans use short personal loan, services each year. 2. Most borrowers get funded for about $375. 3.
Borrowers range in age from 18 to 70+. 4. The income of borrowers range from $15,000 to over $100, 000. 5. The education levels of borrowers range from "some" high school to post grade.
6. Employment status includes those with full-time, part-time and retired.
7. The marital status of applicants range from single, live with partner, married, separated/divorced or widowed. 8. Borrower statistics across the nation are similar with 6% in Western states, 6% in Southern states, 7% in Midwestern states. ** - Source PEW.
States where short term cash loans are legal:.