Corpus ID: 191847461

THE DEVIL IS IN THE DETAILS: IS PAYDAY LENDING A GODSEND, A NECESSARY EVIL, OR AN ENTICEMENT INTO FINANCIAL HELL?

@inproceedings{Elwood2012THEDI,
  title={THE DEVIL IS IN THE DETAILS: IS PAYDAY LENDING A GODSEND, A NECESSARY EVIL, OR AN ENTICEMENT INTO FINANCIAL HELL?},
  author={Ron Elwood},
  year={2012}
}
  • Ron Elwood
  • Published 2012
  • Art
  • Payday lending remains a highly controversial subject. The debate about its merits of is polarized. Proponents focus solely on the payday loan as the only source of helpful credit to a segment of consumers excluded from mainstream lenders. Opponents focus solely on the adverse consequences so many customers experience after using payday lenders. Neither side acknowledges arguments, however legitimate, the other makes. Demand for small-amount, short-term loans is undeniable. Absent from most… CONTINUE READING

    References

    Publications referenced by this paper.
    Graves & Christopher L . Peterson , Predatory Lending and the Military : The Law and Geography of " Payday " Loans in Military Towns , 66 O HIO S T