Payday Loan Facts & Figures From Southern States

Historical archive, first published 2006 — payday-lending laws and rates have changed since. Preserved for the record.

As various states are urged to fight back against cash loans, these cash advances remain popular in a number of areas around the country. The following is a breakdown of payday loan activity across certain states (based on 2004 data):

• 1,027 loans per 1,000 residents
• 4.4 million payday loans
• 918 payday stores