Open Access. Powered by Scholars. Published by Universities.®
- Discipline
- Publication Type
Articles 1 - 2 of 2
Full-Text Articles in Business
Payday Loans: The Good, The Bad, And The Ugly, Kelsey Sloup
Payday Loans: The Good, The Bad, And The Ugly, Kelsey Sloup
Undergraduate Research Journal
Numerous industries face the problem of reaching a delicate balance between satisfying industry interests and consumer interests. Frequently, one question that emerges is; how can an industry profit while still promoting the interests of consumers? This question is extremely relevant to the payday loan industry. This comprehensive analysis of payday lending is based on the acts of distinguishing characteristics of payday loans, identifying lenders and borrowers, clarifying evolving legal requirements, and analyzing reasons of support and opposition for payday lending. Based on this comprehensive analysis, recommendations for the future of the payday lending industry are presented and additional research topics …
An Experimental Analysis Of The Demand For Payday Loans, Bart J. Wilson, David W. Findlay, James W. Meehan Jr., Charissa P. Wellford, Karl Schurter
An Experimental Analysis Of The Demand For Payday Loans, Bart J. Wilson, David W. Findlay, James W. Meehan Jr., Charissa P. Wellford, Karl Schurter
Economics Faculty Articles and Research
The payday loan industry is one of the fastest growing segments of the consumer financial services market in the United States. We design an environment similar to the one that payday loan customers face and then conduct a laboratory experiment to examine what effect, if any, the existence of payday loans has on individuals' abilities to manage and to survive financial setbacks. Our primary objective is to examine whether access to payday loans improves or worsens the likelihood of financial survival in our experiment. We also test the degree to which people's use of payday loans affects their ability to …