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Payday lending coincides with increased bankruptcy filings

By Sam Glover

But is payday lending a cause of increased bankruptcy filings? In a paper from last September, Professors Paige Skiba (Vanderbilt Univ. Law School) and Jeremy Tobacman (Univ. of Pennsylvania), say yes for Chapter 13 reorganizations, by about 2.5%. They also found that for payday loan customers filing Chapter 13 bankruptcies, a whopping 11% of their [...] Related posts:

• Payday lending: what would would Jesus charge?
• Payday holiday: do we need a vacation from payday lending?
• Most People Can Still File Chapter 7 bankruptcies


Full post as published by Caveat Emptor on April 02, 2009 (boomark / email).

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