// JavaScript Document
function showFact()
{          
        
var r_text = new Array ();
r_text[0] = "About 5% of the U.S. population has had at least one short-term loan at some time, and about 10% of surveyed Americans say they are somewhat or very likely to obtain a short-term loan in the future.";
r_text[1] = "Short-term loans are typically between $100 and $500. Nearly half of such loans are for amounts between $201 and $300, and about a quarter are between $101 and $200.";
r_text[2] = "The typical fee on a short-term loan is between $15 and $20 for every $100 borrowed.";
r_text[3] = "On average, three quarters of short-term loan borrowers pay exactly on time.";
r_text[4] = "Bank charges for a bounced check average $30.";
r_text[5] = "Overdraft fees cost more than short-term loans. The average bank customer pays $27 to cover a transaction of $36, while short-term lenders typically charge a flat fee of $15 per $100 borrowed.";
r_text[6] = "Bank charges for a bounced check average $30 and retailer fees for the same bounced check are typically an additional $25, although the charge can be higher.";
r_text[7] = "Credit union short-term loans are only available for select borrowers.";
r_text[8] = "The fee for a late credit card payment is more than twice as costly as a short-term loan fee: $100 credit card balance with a $37 late fee = 965% APR.";
r_text[9] = "Short-term loan fees paid by consumers pale in comparison to those paid in overdraft fees. US Consumers pay $6.8 billion in short-term loan fees a year, while they pay $35 billion in bank overdraft protection fees a year.";
r_text[10] = "More than 90% of borrowers agree with the statement, “Short-term loan companies provide a useful service to consumers.”";
r_text[11] = "Our members’ products are very short-term credit instruments. They are typically taken out less than two weeks before a borrower’s next payday.";
r_text[12] = "Short-term borrowers are predominantly middle-income. More than half of borrowers have family incomes of between $25,000 and $49,999.";
r_text[13] = "More than a third (36%) are under 35 years old, compared to the overall adult population of about 28% in that age group. Only a small percentage of borrowers (about 3%) are over 65 years of age, compared to the overall adult population of more than 19% in that category.";
r_text[14] = "The majority (about 58%) of short-term loan borrowers are married, which is similar to the overall population figure of 61%. About 23% are divorced or separated, compared to the overall population figure of about 14%.";
r_text[15] = "Most short-term-loan borrowers have children. About 35% are under the age of 45, married and have children.  A further 23% are unmarried, with children.";
r_text[16] = "The overwhelming majority (about 94%) of short-term-loan borrowers have achieved a high school diploma or better. This exceeds the national average of 90%. More than half have been to college.";
r_text[17] = "Short-term loan borrowers generally have previous experience with credit.  Nearly all (about 92%) also use other types of credit, whether credit cards or closed-end loans.";
r_text[18] = "Short-term-loan borrowers recognize the necessity of credit in general; more than 80% agree that “most people benefit from the use of credit.”";
r_text[19] = "Nearly half of short-term-loan borrowers use more than one lender.";
r_text[20] = "Most borrowers spend less than 10% of their available income on repaying consumer debt, though nearly one in five borrowers spends 30% of his or her income on repaying total consumer debt, which is above average for all adults.";
r_text[21] = "The duration of an individual loan may range from one to four weeks.";
r_text[22] = "A Georgetown University analysis found that most borrowers use short-term loans infrequently or moderately.";
r_text[23] = "Short-term advances are highly regulated by state laws, while bank and credit union overdraft transactions have no such regulations.";
r_text[24] = "Short-term loan fees are fully disclosed before the customer enters the transaction, while overdraft fees are not. The majority of bank customers are automatically enrolled in overdraft protection. They are not aware that they are overdrawing their account and incurring fees until after the transaction.";
r_text[25] = "Unlike short-term lenders, banks do not disclose the APR of bounced check fees.";

var i = Math.floor(25*Math.random());

document.write(r_text[i]);   
   
}