Fewer loans made in 2008, but defaults increased 

Credit was tight in Colorado in 2008 – fewer loans were made but defaults and delinquencies increased, and even the state’s payday consumer lenders saw less business. Delinquencies on supervised loans increased 23 percent and the loan defaults doubled compared to the previous year, according to a report from Colorado Attorney General John Suthers. “Although not unexpected, [...] [...]