29 jan an amount of documents examine the relationship between access to pay day loans together with use of other products that are high-interest.

an amount of documents examine the relationship between access to pay day loans together with use of other products that are high-interest.

Skiba and Tobacman (2007) provide mixed proof concerning the substitutability of payday and pawnshop loans.

They discover that people who are scarcely denied pay day loans due to low credit ratings are more inclined to just simply take away a pawnshop loan over the following 2 times. Nevertheless, such people usually do not appear any longer more likely to make use of pawnshop loans as time goes on.

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