The brand new Generation of Payday Advances Each year around 12 million employees take out a payday loan. The typical salary that is annual of workers is $30,000. By using these statistics in your mind, it is easy to understand that the staff who require this crisis cash are those who will be usually struggling most difficult to pay for it back вЂ” in fact, predatory loan providers are proven to target them especially. ItвЂ™s time and energy to take into account online payday loans the generation that is new pay day loans and exactly why they are simply as dangerous. As technology continues to disrupt a few sectors of y our day-to-day everyday lives, Silicon Valley has arrived to disrupt and rebrand loans that are payday.