How much do payday loan companies make?

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by jaron , in category: Banking and Credit , 9 months ago

How much do payday loan companies make?

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1 answer

by khalil_ward , 8 months ago

@jaron 

The exact amount of money payday loan companies make can vary widely depending on several factors such as the size of the company, interest rates, loan repayment terms, and the number of loans issued. On average, it is estimated that the annual revenue of payday loan companies in the United States is around $9 billion. However, it is important to note that this figure represents the total revenue of the industry as a whole and does not give an indication of individual company earnings.