New study looks at the impacts of payday loans
Do Payday Loans take advantage of desperate people? A TRU Economist studied the reality here in Kamloops. We heard her surprising conclusions.
A TRU Economist looked into whether payday loans take advantage of desperate people.
Payday loan companies are predatory and need to be shut down. That's what Dr. Laura Lamb thought about fringe financial institutions. They lend money to desperate people at an exaggerated rate of interest. Dr. Lamb is an economist and Thompson Rivers University professor. Along with two under-grad students, she set out to survey people who use Fringe Financing. She was surprised by what she learned. Laura lamb was in our daybreak studio.
To hear more, click the link: New study looks at the impacts of payday loans