Payday Lending Industry

The payday lending industry works to connect people seeking help with their financial needs. Beyond just helping individuals have access to financial resources, the payday lending industry contributes to helping the economy.

Economic Impact of the Payday Lending Industry

In addition to being a valuable source of credit for a portion of society, the payday loan industry makes significant contributions to state economies. These businesses are vital economic agents which purchase services from other local companies and pay local, state and national taxes. The 155,000 jobs that the industry supports are more important than ever, given the current economic crisis. These jobs provide salaries, benefits and retirement investment for individuals that might not otherwise be provided*.