Kennesaw State Research: Pay Day Loan Rollovers Usually Do Not Damage Borrowers’ Financial Welfare

Kennesaw State Research: Pay Day Loan Rollovers Usually Do Not Damage Borrowers’ Financial Welfare

Analysis discovers no undesirable relationship between consistent refinancing and fico scores

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The research, that has been commissioned by the credit analysis Foundation and on the basis of the deals of 37,000 borrowers more than a four-year duration, additionally discovered that borrowers who are now living in states with less refinancing restrictions fare much better than those much more heavily regulated states.

“we now have, when it comes to time that is first real medical data regarding the results from various rollover habits to see an essential policy problem,” sa >Jennifer L. Continue reading “Kennesaw State Research: Pay Day Loan Rollovers Usually Do Not Damage Borrowers’ Financial Welfare”