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

Just How Do Payday Advances Affect Borrowers? Proof through the U.K. Market Abstract Pay day loans are controversial high-cost, short-term borrowing products, prohibited in a lot of U.S. states. But debates surrounding their benefits to consumers continue. We assess the consequences of payday advances on customers making use of a unique information set including 99% […]

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