Consumers and franchises
The number of consumers using installment loans to fund their own franchise is steadily increasing. In a market where people are no longer sure of their jobs, many people are venturing into business ownership to build their own futures. For example, Jon McIntoch of Philadelphia found himself laid [...]
Payday loan study brings the facts
Gregory Elliehausen of the Board of Governors of the Federal Reserve system recently produced a telling payday loan report entitled “An Analysis of Consumers’ Use of Payday Loans.” This report gives us a glimpse into the demographic characteristics of payday loan customers and shows us [...]