Just How Do Pay Day Loans Affect Borrowers? Evidence through the U.K. Market

Just How Do Pay Day Loans Affect Borrowers? Evidence through the U.K. Market Abstract Payday advances are controversial high-cost, short-term financial products, prohibited in a lot of U.S. states. But debates surrounding their advantages to consumers carry on. We determine the consequences of payday advances on customers through the use of a distinctive information set

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