Payday loans are high-interest, short-term loans that are most commonly used in low-income communities. Because high interest rates (often above 500% annually) can easily cause a person’s debt load to…
…obvious. The fact that payday loan rates are higher than loan shark rates could simply suggest either that payday lenders face higher costs of enforcement, higher default rates, higher transaction…
…the borrower; and the borrower hopefully builds up savings and reduces his dependence on payday loans. The payday lenders offer better rates on certain loan amounts, and there will still…
…their loans. I have defended the title and payday loan industries in the past. Those companies loan very small amounts compared to what PACE programs will lend you—at admittedly extreme…
…payday lending.” The Economics of Payday Lending (ungated), John P. Caskey, Swarthmore College. General overview of payday lending industry and basic issues. Written for a lay audience. Do Payday Loans…
In this video, policy analyst David Stokes, accompanied by two research assistants, endeavors to get to the heart of the payday loan debate by … actually getting a payday loan….
…the government singling out pawnbrokers and short-term loan shops? What next? The proximity of ATMs? When will the regulations stop? For more Show-Me Institute payday loan material, check out this…
…rate, revealed preferences would suggest that there is a reason banks aren’t willing to offer payday loans without incentives. As I’ve discussed earlier, payday loans have the potential to be…
…payday loans are consensual agreements made by individuals. Payday loan customers are not forced to take these loans, but rather take them out voluntarily for any number of personal reasons….
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