Payday Loans: Who Uses Them and Why

Payday loans can look like a responsible choice for borrowers who need cash but want to avoid getting into long-term debt. This video from the Pew Charitable Trusts explains the reality — most payday loan customers end up in debt for five months.
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Payday loans can look like a responsible choice for borrowers who need cash but want to avoid getting into long-term debt. This video from the Pew Charitable Trusts explains the reality — most payday loan customers end up in debt for five months.

Lifelong Valley resident Tim Sheehan has worked at The Bee since 1998. He is currently The Bee’s data reporter and covers California’s high-speed rail project and other transportation issues. He grew up in Madera, has a journalism degree from Fresno State and a master’s degree in leadership studies from Fresno Pacific University.