It unearthed that three of four loans had been rolled or renewed over, and less than one out of 10 clients had no loan rollovers.

It unearthed that three of four loans had been rolled or renewed over, and less than one out of 10 clients had no loan rollovers. The high expense of the short-term loan depletes the consumer’s power to get caught up, consequently making the consumer ‘captive’ towards the loan provider. A situation of Illinois research on …

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