In a recent survey by the National Consumer Law Center, more than 40 percent of respondents said they used an online payday loan service to pay for their personal expenses.
The survey also found that the vast majority of people who used online payday loans reported that they were satisfied with their financial situations.
According to the survey, more people who had used online loans to pay their bills reported having enough money to cover expenses such as rent, gas, and phone bills than did those who did not.
People who used payday loans were also more likely to be the ones who were able to repay the loans than people who did credit checks, according to the report.
In the survey’s findings, more respondents said that they used payday loan services to pay back their credit card balances than they did other types of debt.
According the report, the majority of respondents who used credit cards for payday loans said they would repay the debts if they were able.