Payday Loans Quiz

9. About how many payday loans were made in Missouri in 2010?

c. CORRECT!

In 2010 there were about 2.43 million payday loans made in the state of Missouri alone. These loans totaled about $823 million.

Reference: Missouri Division of Finance. (2011). Report to General Assembly pursuant to section 408.506 RSMo. Retrieved January 20, 2011 from http://finance.mo.gov/consumercredit/documents/2011PaydayLenderSurvey.pdf.