What?
January 19, 2009 | alternatives, industry | Comments (0)This article based on some crazy study makes no sense:
People paying high loan fees tend to reduce their health-related spending, according to the study, which was funded by the Sherwood Foundation and released this morning by the Financial Stability Partnership, a coalition of groups that helps people with low to moderate incomes.
This completely conflicts with other studies that say that many payday lending consumers are seeking to pay unexpected medical bills.
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