Short-Term, Small-Dollar Lending: Policy Problems and Implications
Appendixes
Overview
Short-term, small-dollar loans are consumer loans with reasonably low initial principal amounts (frequently not as much as $1,000) with fairly repayment that is short (generally speaking for a small amount of months or months). Short-term, small-dollar loan items are frequently employed to pay for cash-flow shortages that will take place because of unforeseen costs or durations of insufficient earnings. Continue reading “Short-Term, Small-Dollar Lending: Policy Problems and Implications”