Short-Term, Small-Dollar Lending: Policy Problems and Implications

Short-Term, Small-Dollar Lending: Policy Problems and Implications Short-term, small-dollar loans are consumer loans with fairly low initial major amounts (frequently lower than $1,000) with reasonably repayment that is short (generally for a small amount of months or months). Short-term, small-dollar loan items are commonly used to pay for cash-flow shortages which will happen as a…