In line with the Pew study, 69 % of first-time borrowers utilized their cash advance for an everyday, recurring cost.
In line with the Pew study, 69 % of first-time borrowers utilized their cash advance for an everyday, recurring cost. Simply 16 percent reported employing their loan for a crisis. Astrada claims the payday lending rule as enacted would not have completely killed the small-dollar loan industry—it might have simply targeted the “worst of the” […]