Short-term Credit and Military Personnel

Routinely, industry opponents overestimate the national percentage of service men and women who use the payday advance service as well as the frequency in which they use it. Contrary to the misinformation that flood media reports, studies show that military personnel make up only a small percentage (13 percent or less) of the industry’s customer base. The following research studies examine the use of payday advance services among the military and provide a factual representation of such use.

Payday Loan Use Among Active Military

Author: Penn, Schoen & Berland Associates, Inc.
Washington, DC,
January 2005
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Compensation and Short-Term Credit Needs of U.S. Military Enlisted Personnel

Consumer Credit Research Foundation,
Washington, DC
June 2006
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