Top 10 Facts About Payday Loans That Will Surprise You

1. Payday lenders in USA outnumber McDonald’s

With those crazy high interest rates and fees, you bet payday loans are a profitable business. If you thought there’s a McDonald’s on every street, well there’s more of payday lenders on those streets. A 2014 report found that there are 20,000+ payday lenders in USA, as opposed to 14,267 McDonald’s locations.