Payday loan rollovers do not harm some borrowers’ financial welfare

Payday loan rollovers do not harm some borrowers’ financial welfare Payday loan rollovers do not harm some borrowers’ financial welfare

April 7, 20171 min read
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Research by a Kennesaw State University professor has found that there is a potentially limited adverse relationship between repeated refinancing and credit scores for those at the lowest end of the credit spectrum, casting doubt on the claims of payday loan critics that extended refinancing of these loans is universally harmful to consumers' financial welfare. Jennifer Priestley, a professor of applied statistics and data science and author of the 2014 study, says that "payday loans may not only fail to harm borrowers, but may actually contribute to an improvement in borrower welfare for some customers on the lower end of the credit continuum."


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  • Jennifer Lewis Priestley, Ph.D.
    Jennifer Lewis Priestley, Ph.D. Professor of Statistics and Data Science

    Jennifer Lewis Priestley is the director of the Center for Statistics and Analytical Services at Kennesaw State.

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