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Short-Term, Small-Dollar Lending: Policy Problems and Implications

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Short-Term, Small-Dollar Lending: Policy Problems and Implications Short-term, small-dollar loans are consumer loans with reasonably low initial principal amounts (frequently lower than $1,000) with fairly repayment that is short (generally speaking for only a few days or months). Short-term, small-dollar loan items are frequently employed to pay for cash-flow shortages that will take place because ….  Read More