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Your debt trap theory implicates loans that are payday a factor exacerbating customers’ economic distress.

Your debt trap theory implicates loans that are payday a factor exacerbating customers’ economic distress. “The aftereffect of State Bans of Payday Lending on Consumer Credit Delinquencies.” Desai, Chintal A.; Elliehausen, Gregory. Correctly, limiting usage of payday advances will be anticipated to reduce delinquencies on conventional credit items. Abstract: “We test this implication regarding the […]