Abstract: “The debt pitfall theory implicates cash advance given that the one thing exacerbating consumers’ financial stress

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Abstract: “The debt pitfall theory implicates cash advance given that the one thing exacerbating consumers’ financial stress Accordingly, limiting entry to payday loan might possibly be expected to eliminate delinquencies into mainstream borrowing facts. We test this implication of hypothesis of the viewing delinquencies into the revolving, merchandising, and you will cost borrowing from inside […]