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Your debt trap theory implicates payday advances as a factor exacerbating customers’ monetary distress

Your debt trap theory implicates payday advances as a factor exacerbating customers’ monetary distress “Accordingly, limiting use of pay day loans will be likely to reduce delinquencies on conventional credit items. We try this implication regarding the theory by analyzing delinquencies on revolving, retail, and credit that is installment Georgia, vermont, and Oregon. These states…
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