PaydayLoan Industry Statistics

Published: Tue, 12/15/15

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California Payday Loan Industry Statistics & Key Financial Metrics.

The licensees made 12,407,422 transactions with 1.8 million individual customers for a total dollar amount of roughly $3.38 billion.

The average dollar amount of deferred deposit transactions made was $235, and the average length of a transaction was 16 days.

The DBO regulated 2,014 licensed deferred deposit transaction locations.

While the volume of payday lending has remained fairly consistent in California, the number of licensed locations has declined by about 19 percent since 2006.

Key California payday loan industry findings:
Read more: http://paydayloanindustryblog.com/california-payday-loan-industry-statistics/ and get a link to the full Calif. DBO Report.
Here's a shortened link if you need it: http://bit.ly/1YeVv5d