Get Out of Debt Guy - Steve Rhode

Payday Lenders Prepare for Big Payday Loan Rush in December


Payday lenders know what happens each December, they get busy.

While there has been much written about the dangers of payday loans, there seems almost nothing that will break the trend of accelerating payday loan interest in December.

Since 2004, December has proven to be a very popular month for payday loans, right behind late Spring.

What is fascinating is the repeatable pattern that exists year-after-year for payday loans. As you can see by the above chart, immediately following the December holidays the interest in payday loans seemingly falls off a cliff. From a low interest point in February, requests for information about payday loans will continue to increase until the Spring when demand will slump over the Summer.

Since 2004 the yearly interest in payday loans continues to increase.