All of our finding that using payday loans causes customers to take on added credit score rating contrasts with U
The answers are consistent with research that declare that pay day loans exacerbate pecuniary hardship ( Melzer 2011; Skiba and Tobacman 2015; Melzer 2018). S. studies that find payday loans are substitutes for any other forms of credit, the finding extracted from studies that exploit state-level lending bans ( Morgan, tension, furthermore Seblani 2008; Zinman 2010; Desai and Elliehausen 2017; Bhutta, Goldin, and Homonoff 2016). Read more
