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Short-Term, Small-Dollar Lending: Policy Problems and Implications

Short-Term, Small-Dollar Lending: Policy Problems and Implications Affordability is an issue surrounding small-dollar financing. The expenses related to small-dollar loans look like greater when compared with longer-term, larger-dollar loans. Additionally, borrowers may end up in financial obligation traps. A debt trap takes place when borrowers whom can be struggling to repay their loans reborrow (roll […]