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Payday lenders don't operate within a vacuum but people would still be better off if they didn't operate at all: https://www.responsiblelending.org/sites/defau
by pytester 8y ago
Payday lenders don't operate within a vacuum but people would still be better off if they didn't operate at all:
https://www.responsiblelending.org/sites/default/files/nodes/files/research-publication/crl_shark_free_waters_aug2016.pdf https://www.responsiblelending.org/sites/default/files/nodes...
- simplecomplex 8y agoSpeak for yourself. A payday loan was the only thing that bailed me out from missing rent and getting evicted. Payday loans are a lot less predatory than every major bank credit card. They at least ensure you have money to pay them back.
- pytester 8y agoThe study showed that people showed a strong tendency to tap other options where payday operators weren't available and ended up financially better off overall.