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Pew did comprehensive study on a€?underbankeda€? customers, exactly who typically turn-to payday lenders

Pew did comprehensive study on a€?underbankeda€? customers, exactly who typically turn-to payday lenders

Those people that find themselves pinched for cash typically move to high-cost payday loan providers. But old-fashioned banking institutions and credit score rating unions could provide that part for individuals and take action at dramatically reduced rate, according to another proposition from the Pew Charitable Trusts.

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