Alternative Financial Services
an amount of documents examine the conversation between access to payday advances plus the use of other products that are high-interest. Skiba and Tobacman (2007) provide mixed proof concerning the substitutability of payday and pawnshop loans. They realize that folks who are scarcely rejected pay day loans due to low credit ratings are more inclined to simply simply take away a pawnshop loan over the following 2 times. (more…)