Payday-loan bans: proof of indirect results on supply

Payday-loan bans: proof of indirect results on supply

Demand-side behavior

Knowing the economic decisions of payday-loan borrowers is very important in focusing on how forex trading section will respond each time a vital supply of financing becomes limited. From the survey of payday-loan borrowers, Lawrence and Elliehausen discover that 91.6% of participants used other resources of credit, almost all utilizing close-ended types of credit in place of revolving, or even more conventional, kinds.