It discovered that three of four loans had been renewed or rolled over, and less than one in 10 customers had no loan rollovers.

It discovered that three of four loans had been renewed or rolled over, and less than one in 10 customers had no loan rollovers. The high cost of a loan that is short-term the consumer’s capability to get caught up, consequently making the consumer ‘captive’ towards the loan provider. A situation of Illinois research on short-term loans discovered that nearly …