Payday Lending Industry

Connecting people seeking financial help is the purpose of the payday lending industry. But, besides just helping individuals gain access to valuable financial resources, the payday lending industry also contributes to boosting the economy.

Economic Impact of the Payday Lending Industry

The payday loan industries in a valuable source of credit credit for many people and the services offered provide significant contributions to a state’s economy. Payday businesses are vital economic vendors purchasing services from other local companies and contribute to local, state and national taxes. The 155,000 jobs this industry supports are more important than ever, given the current economic status. These jobs provide salaries, benefits and retirement investment for individuals that might not otherwise be provided.

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