Just How Do Payday Advances Affect Borrowers? Proof from the U.K. Market

Just How Do Payday Advances Affect Borrowers? Proof from the U.K. Market Abstract Pay day loans are controversial high-cost, short-term financial products, prohibited in several U.S. states. But debates surrounding their advantages to consumers continue. We determine the results of pay day loans on customers by making use of a distinctive information set including 99%…