Iowa Association for Financial Choice

Payday Lenders: Heros or Villains?

Adair Morse, University of Chicago, June 2007. Morse’s working study finds that the payday lenders benefit communities struck by natural disasters and these findings may be expanded to all individuals who experience disasters. The study found that banks and other forms of credit did not provide finance to individuals in distress in the same manner as payday loans.

View the highlights.

Read the full study.

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