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