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

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

Short-term, small-dollar loans are consumer loans with fairly low initial major amounts (frequently significantly less than $1,000) with fairly repayment that is short (generally speaking for a small amount of months or months). Short-term, small-dollar loan items are frequently employed to pay for cash-flow shortages which could take place as a result of unanticipated costs or periods of insufficient earnings. Small-dollar loans could be available in various types and also by various kinds of loan providers. Continue reading “Short-Term, Small-Dollar Lending: Policy Problems and Implications”