who takes payday loans?
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Barbara Strozzilaan 2011083 HN AmsterdamThe Netherlands
Tel: +31 (0) 61 104-89-21Email: sales@turnkey-lender.comhttp://turnkey-lender.com
Who Takes Payday Loans?(USA, 2013-2014)
Who takes a payday loan?
Women use payday loans more than men
*The statistical information used in this presentation can be found at http://www.pewstates.org
Who takes a payday loan?
Age Group
Age %
18-24 12%
25-29 16%30-34 12%
35-39 11%
40-44 13%
45-49 11%
50-54 10%
55-59 6%
60-64 6%
70+ 3%
*The statistical information used in this presentation can be found at http://www.pewstates.org
Who takes a payday loan?
Borrower’s annual income
*The statistical information used in this presentation can be found at http://www.pewstates.org
Who takes a payday loan?
Relationship
Single 24% Couple 14 % Married 33 % Divorced 25% Widow (er) 4%
In relationship 47 %
Have one child or more 38 %
*The statistical information used in this presentation can be found at http://www.pewstates.org
Who takes a payday loan?
How people apply for payday loan
Exclusively storefront
73 %
Exclusively online
16 %
Both
4 %
Other(banks,
credit unions)
7 %
*The statistical information used in this presentation can be found at http://www.pewstates.org
Who takes a payday loan?
Education
< High school
17 %
High school
38 %
College
42 %
Postgrad
3 %
*The statistical information used in this presentation can be found at http://www.pewstates.org
Who takes a payday loan?
How people spend money
Recurring expenses
69%
Something special
8%
Unexpected emergency
16% Other
5%
I don’t know
2%
*The statistical information used in this presentation can be found at http://www.pewstates.org
Advanced scoring techniques
Flexible decisioning rules
Complete automation of all processes – from application processing to collection
How to evaluate payday loan applicants?
Turnkey Lender – a comprehensive solution for payday loan business:
Turnkey Lender
Barbara Strozzilaan 2011083 HN Amsterdam
The Netherlands
Tel: +31 (0) 61 104-89-21Email:
sales@turnkey-lender.comWeb: http://
turnkey-lender.com
Please contact us at:
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