Payday-loan bans: proof of indirect results on supply

Payday-loan bans: proof of indirect results on supply

Demand-side behavior

Comprehending the economic decisions of payday-loan borrowers is important in focusing on how the forex market portion will respond whenever a vital way to obtain funding becomes restricted. The majority using close-ended forms of credit rather than revolving, or more traditional, forms from a survey of payday-loan borrowers, Lawrence and Elliehausen find that 91.6% of respondents utilized other sources of credit. (more…)