About 1 in 10 Ohioans used payday loans in the past five years, according to a report released Friday by the Pew Charitable Trusts' Safe Small-Dollar Loans Research Project.
The figures are based on a survey that found 12 million Americans used a storefront or online payday loan in 2010.
It said Ohioans visit check-cashing stores and Web sites more than residents in all but three states — Missouri, Oklahoma, and Washington — for which sufficient survey results were available.
It also said states that prohibit check-cashing stores have lower rates of lending than those such as Ohio with less-restrictive laws.
Nationally, 5.5 percent of adults have used payday loans, mostly to cover everyday bills such as rent and utilities rather than unanticipated expenses, the study said.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.