Payday loans—small short-term loans with a high rates of interest that become due during the time of the borrower’s next paycheck—are a typical as a type of lending to people who have low incomes in the us. Do borrowers taking right out these loans make logical choices, or do they borrow a lot more than they anticipate or would like to into the long haul? Researchers will work with IPA and a big payday loan provider to conduct an assessment to higher perceive consumers’ decision-making with regard to pay day loans.
Payday loans—short-term loans with a high interest due during the time of the borrower’s next paycheck—are a typical as a type of lending to people with low incomes in the usa. Read More