13% of military personnel have resorted to payday loans in 2005

Consumer Credit Research Foundation reported that fewer than 13% of military enlisted personnel have taken out a payday loan in the in 2005. 49% of military enlisted payday-loan borrowers report that they have used a payday loan no more than twice in the in 2005 (compared to 16% of the general population of payday borrowers); 79% said they had no more than four loans in the in 2005 (compared to 65% of the general population).