Ted M: Yeah, you understand whatвЂ™s interesting whenever we first began this research our customers which had loans that are payday it absolutely was one away from eight and additionally they had 3.2 loans each. It peaked at 3.5 loans each in 2014. Therefore every person that has a cash advance probably really had three . 5 of these. ItвЂ™s dropped now to 3.2 that you would think will be a very good news story nonetheless itвЂ™s certainly not considering that the amount of loans is down however the typical worth of this loans is up.
Doug H: TheyвЂ™re borrowing more.
Ted M: ThatвЂ™s exactly right. Continue reading