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Borrowers use pay day loans for ordinary expenses maybe perhaps maybe not monetary emergencies, claims research

Borrowers use pay day loans for ordinary expenses maybe perhaps maybe not monetary emergencies, claims research

This short article first starred in the St. Louis Beacon, July 18, 2012 – Pew scientists have discovered that many borrowers whom take out pay day loans make use of them to pay for living that is ordinary, perhaps maybe not unanticipated emergencies — a discovering that contradicts industry marketing that emphasizes payday advances as short-term choices to protect economic emergencies.Read More »Borrowers use pay day loans for ordinary expenses maybe perhaps maybe not monetary emergencies, claims research

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