Just Exactly How Borrowers Select and Repay Payday Loans

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For somebody needing fast money, a quick payday loan can appear to be a option to avoid asking family members for help or stepping into long-lasting financial obligation. However these loans frequently prove unaffordable, making borrowers with debt for on average five months. This report—the second in Pew’s Payday Lending in America series—answers questions regarding why borrowers choose pay day …