Short-Term, Small-Dollar Lending: Policy Issues and Implications
Short-Term, Small-Dollar Lending: Policy Issues and Implications Appendixes Overview Short-term, small-dollar loans are consumer loans with reasonably low initial principal amounts (frequently significantly less than $1,000) with reasonably quick payment durations (generally for a small amount of months or months). Short-term, small-dollar loan items are frequently employed to pay for cash-flow shortages that could happen [...]