These outcomes declare that receiving a quick payday loan encourages customers to use for cheaper types of credit.

These outcomes declare that receiving a quick payday loan encourages customers to use for cheaper types of credit.

One description because of this impact is the fact that there could be an “encouragement impact” of receiving an online payday loan. Having received that loan, customers might genuinely believe that their credit leads have increased and therefore submit an application for more main-stream, cheaper types of credit. 21 Another explanation is the fact that businesses might obtain applications from all of these customers. We can not differentiate between explanations within the information, as both mechanisms will result in increased loan requests. 继续阅读“These outcomes declare that receiving a quick payday loan encourages customers to use for cheaper types of credit.”