Predicated on these findings, Pew advises that loan providers, legislators, and regulators enhance results for customers whom make use of installment loans by: Distributing prices evenly throughout the full lives of the loan. Origination or purchase costs should always be nominal, proportional into the quantity financed, and pro rata refundable to reduce lenders’ incentives to … Continue reading Predicated on these findings, Pew advises that loan providers, legislators, and regulators enhance results for customers whom make use of installment loans by:
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