Just How Do Payday Advances Affect Borrowers? Proof through the U.K. Market

Just How Do Payday Advances Affect Borrowers? Proof through the U.K. Market Abstract Payday advances are controversial high-cost, short-term borrowing products, prohibited in lots of U.S. states. But debates surrounding their advantageous assets to consumers carry on. We assess the results of payday advances on customers simply by using a unique information set including 99% …

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