Loans.org Reveals Who Borrows Personal Loans and Their Lending Habits

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The newest infographic from loans.org removes the masks from personal loan borrowers by showing who applies for this popular form of consumer financing.

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Personal loans are borrowed daily across the country, but who exactly is it that borrows them?

In a detailed infographic, loans.org removes the mask from personal loan borrowers.

LINK: http://loans.org/personal/infographics/who-borrows-and-why

One of the primary findings is that the biggest age group is between 25 and 34 years old. Surprisingly, the smallest age group is the 65 to 74 age range.

Loans.org recently published research of over 1,900 personal loan applicants from across the United States and includes breakdowns of applicants' ages, employment status and credit quality among others. The infographic takes data from this research and shows that personal loan applicants span across various economic levels and ages.

“After we analyzed our research data and put it into an organized infographic, we saw how diverse the lending habits of personal loan borrowers are,” said Cesar Diaz, founder and CEO of loans.org.

In addition to the surprising finding about borrower’s ages, the infographic shows that despite having a stable job, most applicants have poor credit scores. Fifty-three percent of personal loan applicants have credit scores under 640.

For the accompanying research, please reach the report at http://loans.org/personal/research/demographics-of-applicants.

More infographics, research and articles about the personal loan industry are available at http://loans.org/personal.

About loans.org:
loans.org is a leading lending authority website that covers financial news, produces informative articles, and answers frequently asked questions. In addition to providing lending-related information, loans.org also hosts a variety of free online application forms for prospective borrowers to use when applying for loans.

For more information, please contact:
Rebekah Coleman
Rebekah(at)loans(dot)org
(909) 784-2465
Source: loans.org

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Rebekah Coleman
Loans.org
+1 (909) 784-2465
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