FINANCIAL LITERACY AND HIGH-COST BORROWING IN THE UNITED STATES

• WORKING PAPERS

December 31, 2014

Abstract:  In this paper, we examine high-cost methods of borrowing in the United States, such as payday loans, pawn shops, auto title loans, refund anticipation loans, and rent-to-own shops, and offer a portrait of borrowers who use these methods. Considering… Read More »