Alex Horowitz, an extensive research supervisor at the Pew Charitable Trusts, claims that on average, two-thirds for the fees payday lenders gather are invested simply keeping the lights on. The typical storefront acts just 500 clients per year, and worker return is ridiculously high. A publicly traded nationwide lender, reported that it had to replace approximately 65 percent of its branch-level employees in 2014 for instance, QC Holdings. “The earnings aren’t extraordinary,” Horowitz says. Continue reading “The larger issue for payday lenders may be the overhead.”
