Press Releases:
PAY DAY LOANS...A GROWING TREND
FACT SHEET
New Hampshire
2004
24: New Hampshire payday loan outlets
$31.8 million: total lent in payday loans
89,706: number of payday loans
$354.85: average loan
2005
27: New Hampshire payday loan outlets
$41.4 million: total lent in payday loans
114,565: number of loans
$361.78: average loan
Nationally
By the end of 2005, there were between 23,000 and 25,000 payday loan outlets in the United States.
The annual loan volume was $40 billion and those customers were charged $6 Billion in loan fees.
Sources: New Hampshire Banking Department, Consumer Federation of America
11/26/06
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