Payday advances are unsecured small-dollar short-term customer loans.

Payday advances are unsecured small-dollar short-term customer loans.

  • Head to
    • Abstract
    • 1. Introduction
    • 2. Credit Items
    • 3. The Regulation of Payd.
    • 4. Prior Literature
    • 5. Data
    • 6. Empirical Analysis
    • 7. Summary
    • Sources
    • Records

Alternate economic solutions is a phrase utilized to describe credit items along with other monetary solutions running beyond your banking that is traditional. Numerous AFS credit items are high-interest loans which are removed for short period of time durations. These AFS credit items consist of payday advances, pawnshop loans, rent-to-own loans, and overdraft solutions. 1 Listed here sections fleetingly describe the products (to get more detailed descriptions, see Caskey 1994; Drysdale and Keest 2000).

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