Just Just How Borrowers Select and Repay Pay Day Loans

Just Just How Borrowers Select and Repay Pay Day Loans

Payday Lending in the us

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For somebody looking for fast money, an online payday loan can appear to be an approach to avoid asking nearest and dearest for assistance or engaging in long-lasting financial obligation. But these loans often prove unaffordable, making borrowers with debt for on average five months.

This report—the second in Pew’s Payday Lending in America series—answers questions regarding why borrowers choose payday advances, the way they eventually repay the loans, and exactly how they experience their experiences. مطالعه بیشتر