Quick Loan Customers Are Unsophisticated
MYTH #5Lenders of cash advances purposely target and take advantage of inexperienced customers. |
FACTMore than 90% of cash advance customers surveyed felt that they were offered an important service and believed they were comfortably knowledgeable of the costs and loan structure. |
The terms and structure of your cash advance will be clearly laid out to you before you agree to any loan. We want you to fully understand the schedule and fees involved.
Visitors to our site come from every background and are valued members of their communities. They include engineers, teachers, healthcare workers, and many more. To be eligible for a cash advance, you have to have a consistent income source, as well as a checking account.
Cash Advance Customer Demographics
Compared with national statistics, cash advance customers are quite typical Americans. Most customers are under 45 years old, have an income between $25,000 and $50,000 and are married. 90% have a high school diploma or higher, and more than half have attended college.
| U.S. Census 2000 | |
|---|---|
| Average age (years) | 36 |
| Median household income | $41,994 |
| Percentage homeowners | 66% |
| Percentage with high school degree or higher | 81% |
