payday loan industry growth 2000 2005

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					                               Growth of Pay Day Lending Industry from September 1, 2000 to August 31, 2005
                                                         South Carolina Appleseed Legal Justice Center (September 2006)

Loan Amount            Number of Charges paid Number of Charges paid Number of Charges paid Number of Charges paid Number of                      Charges for  Total Loans Total Charges
                          Loans      for the loans Loans 9/1/01 for the loans Loans 9/1/02 for the loans Loans 9/1/03 for the loans Loans 9/1/04   the loans    2000-2005    2000-2005
                       9/1/2000 to                  to 8/31/02                 to 8/31/03                 to 8/31/04                 to 8/31/05
                        8/31/2000
$50 or less                    9,631       $70,207        20,928     $156,960        15,476     $116,070        29,392     $220,440        15,813     $118,598        91,240     $682,275
(7.50 avg charge )
$51 to $100                 89,147     $1,009,144       73,798      $835,393      132,307     $1,497,715     101,232      $1,145,946      83,421       $944,326      479,905      $5,432,524
($11.32 avg, charge)

$101 to $150               256,508     $4,809,525      268,481     $5,034,018     316,953     $5,942,869     385,137      $7,221,319     317,622      $5,955,413    1,544,701    $28,963,144
(avg. charge $18.75)

$151 to $200               293,913     $7,715,216      286,930     $7,531,912     394,344    $10,351,530     348,916      $9,159,045     305,266      $8,013,233    1,629,369    $42,770,936
(avg. charge $26.25)

$201 to $250               479,525    $16,183,968      540,532    $18,242,955     583,625    $19,697,343     770,469     $26,003,025     707,294     $23,871,117    3,081,445   $103,998,408
(avg. charge $33.75)

$251 to $345)             1,530,832   $61,233,280    1,866,853    $74,674,120   2,123,172    $84,926,880    2,733,553   $109,342,120    2,716,295   $108,651,800   10,970,705   $438,828,200
($40.00 avg. charge
Total                     2,659,556   $91,021,340    3,057,522   $106,475,358   3,565,877   $122,532,407    4,368,690   $153,091,895   $4,145,711   $147,554,487   17,797,365   $620,675,487

				
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