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The end result of State Bans of Payday Lending on customer Credit Delinquencies

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The end result of State Bans of Payday Lending on customer Credit Delinquencies Abstract: “The financial obligation trap theory implicates payday advances as a factor exacerbating customers’ monetary distress. Consequently, restricting use of payday advances could be likely to reduce delinquencies on conventional credit services and products. We try this implication regarding the theory by…