The biggest trade relationship representing installment lenders, the United states Financial Services Association (AFSA), states that its people’ payments average $120. 16 These findings are in line with installment loan information previously evaluated by Pew, comprising a few hundred thousand installment loans which range from $100 to $3,000 acquired from the credit bureau; an analysis of the data set revealed that 85 % had monthly premiums of 5 per cent or less of the borrower’s gross income that is monthly the limit for affordability created in past research. 17