There is a reason that the pay day loan places thrive in areas where there is a heavy concentration of illegals.
Payday loan customers are not “unbanked”—they have to have a checking account to take out a loan in the first place. Every single payday loan customer has an account with a bank or credit union. The reality is that payday loan customers use the product to avoid the overdraft and other more expensive fees they receive from their bank or credit union.