Fast Cash and Payday Loans

Jeannette N. Bennett

Page One Economics Newsletter, 2019, 1-7

Abstract: Payday loans are convenient and provide FAST cash to cover emergency situations or help pay a borrower?s expenses from one paycheck to the next. But the fee-based structure of payday lending is quite different from a traditional loan, and laws vary among the states. The April 2019 edition of Page One Economics: Focus on Finance takes a look at the structure and fees that make these loans costly.

Date: 2019
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