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 major amounts (frequently not as much as $1,000) with reasonably repayment that is short (generally speaking for only a few months or months). Short-term, small-dollar loan items are frequently employed to pay for cash-flow shortages that could take place because of unforeseen costs or durations of insufficient earnings. Small-dollar loans is available in different forms and also by a lot of different loan providers. Continue reading