lots of documents examine the relationship between access to payday advances in addition to use of other products that are high-interest.
Category : Leading Club
Skiba and Tobacman (2007) provide evidence that is mixed the substitutability of payday and pawnshop loans.
They realize that people who are scarcely rejected pay day loans due to low fico scores are more inclined to take down a pawnshop loan over the following 2 times. Nonetheless, such people usually do not appear any longer prone to utilize pawnshop loans as time goes on.