In recent times US is seeing an increase in women applying for payday loans which is very surprising and shows that lots of women in US are now taking responsibility of running a family.
A few years back, it was believed that colored people, Hispanics, and Asians, and those from the economically weaker sections of the society were more likely to take a payday loan, irrespective of their location in the United States. But extensive studies carried out revealed something else. It was discovered that most of the borrowers are white and females. Most borrowers are between the age of 25 and 44 years. That was quite a discovery as it broke many myths about the kind of people taking these loans.
And now, there is increasing evidence to show that the number of women asking for a quick cash loan is actually on the rise. Studies have also revealed that this is probably not just a temporary thing. More and more women are likely to ask for quick cash. Not just that, women are also applying for more cash each time they are applying.