Can banking institutions and credit unions help customers escape the payday lending trap?
Pew’s research unearthed that many cash advance borrowers are white, the majority are feminine, & most are 25 to 44 years old. Nevertheless, after managing for other faculties, you will find five teams which have greater probability of having utilized a payday loan:|loan that is payday home renters, those earning below $40,000 annually, those without a four-year college education, those who’re divided or divorced, and African People in the us. Continue reading