3 ms·
It would be interesting to know what the small loans are actually being used for. Are they being spent on healthcare bills? Clothes for their children? Or are t
by deedubaya 12y ago
It would be interesting to know what the small loans are actually being used for. Are they being spent on healthcare bills? Clothes for their children? Or are they being used to pay off another bad debt like a credit card?
- tdees40 12y agoEqually interesting is that they tend to pay them back by hitting up their relatives for cash (which would have probably been a better idea in the first place!). http://bucks.blogs.nytimes.com/2013/02/27/why-borrowers-use-payday-loans/ http://bucks.blogs.nytimes.com/2013/02/27/why-borrowers-use-...