CFSI: A Complex Portrait: An Examination of Small-Dollar Credit Consumers

Every year, millions of American consumers  use small-dollar credit (SDC) products for  quick access to cash. Yet, these products— payday loans, pawn loans, direct deposit  advance loans, auto title loans, and non-bank  installment loans—often come with high fees  or interest rates and can lead consumers into  a cycle of repeat usage and mounting debt.  This study seeks to elucidate the reasons  why so many consumers rely upon these  potentially dangerous products and to glean  what can be

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