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A brand new Road To Providing Small-Dollar Loans

A brand new Road To Providing Small-Dollar Loans

Presently, households in the usa that face cash flow shortfalls—that are also not able to run a stability on a credit card or borrow from a member of family or friend—rely mainly on under-regulated entities (or “shadow banks”) to satisfy short-term borrowing requirements. An overview is provided by this post of small-dollar loan (“SDL”) items available from these entities, concluding why these households would be better served by banking institutions. Continue reading