Back to PAYDAYLOAN News List

Two million people permanently in the red

Reuters UK - LONDON (Reuters) - More than two million people are permanently overdrawn, and the average worker goes into the red 27 days after payday, a survey shows. Almost half of working Britons -- more than 10 million people -- have slipped into the red at ...

Source: http://search.msn.com:80/news/results.aspx?q=payday
 

A payday loan or paycheck advance is a small, short-term loan (typically up to $1,500 in the U.S.) that is intended to bridge the borrower's cash flow gap between paydays.