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From what I hear¹ the research on payday loans is that on average they provide a useful service to their customers. Banning them makes poor people worse off. O
by BurningFrog 5y ago
From what I hear¹ the research on payday loans is that on average they provide a useful service to their customers. Banning them makes poor people worse off.
Of course, among policy makers, no one asks the poor people they claim to help.
¹ I've heard and read this several times, but I'm not going to dig out a reference.
- Spooky23 5y agoYes, and those cars dealers outside of military bases that sell Ford Mustangs with 8 year, 30% loans are just supporting the troops.