How Do High-Interest Loans Affect Well-Being?

People working hard to make ends meet have limited and unpredictable resources. When they get a loan through alternative financial services, such as a payday, pawn, or title loan, they can end up paying steep fees or experiencing predatory practices.…

Who Uses Alternative Financial Services?

Alternative financial services (AFS) such as payday and auto title loans, are a fact of life for over 36 million consumers in the United States alone.. Even so, some people may wonder why anyone would use these kinds of services,…

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