Many pay day loans taken down by respondents had been fairly little in value
As shown in Figure 5, three-quarters reported loans of $1,000 or less, while over fifty percent (55 per cent) reported loans of $500 or less. Twenty per cent reported loans of $500-$1,000, while just four per cent reported loans of $1,001-$1,500. Figure 5: Could you calculate that total value of this final pay day loan […]