Payday loans are made by payday loan stores, check cashers, and pawn shops. Some rent-to-own companies also make payday loans. Loans are also marketed via toll-free telephone numbers and over the Internet.
At the end of 2006, the Center for Responsible Lending reported about 25,000 payday loan outlets in the United States and annual loan volume of at least $28 billion, with almost $5 billion in loan fees paid by consumers. Industry analysts estimate 2009 annual loan volume at stores was $30.3 billion, with roughly $4.8 billion in loan fees paid by consumers and 20,600 stores in operation. The industry estimate a 2009 online payday loan volume at $8.2 billion.
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