Tennessee Financial Snapshot
- Nickname: The Volunteer State
- Population: 6.77 million
- Capital: Nashville
- Website: www.tn.gov
The poverty rate in Tennessee during 2018 was 15%. With its current (as of February 2020) unemployment rate of 3.4% and its median household income of $52,375, there are many people living in this state who are having troubles with their finances.
Payday Loans in Tennessee
Payday loans are typically required to be paid back within just 2 to 4 weeks, making it difficult for borrowers to return the funds on time. As a result, many payday loan borrowers find themselves needing to take out additional loans just to pay back their original payday loan.
Consumer Protection in Tennessee
How to Report a Lender in Tennessee
To file a complaint against a Tennessee lender, borrowers can contact the Tennessee Department of Financial Institutions to file a complaint.
- Address:312 Rosa L. Parks Avenue, 26th Floor Nashville, TN 37243
- Phone:(615) 741-2236