We find tiny, mostly good, but often insignificant alterations in delinquencies following the loan that is payday.

Consequently, limiting use of payday advances will be likely to reduce delinquencies on main-stream credit services and products Abstract: “We test this implication regarding the theory by analyzing delinquencies on revolving, retail, and installment credit in Georgia, new york, and Oregon. These states paid off option of payday advances by either banning them outright or … Continued