Payday Advances Do Not Cause Bankruptcy, Clemson University Study Discovers

Payday Advances Do Not Cause Bankruptcy, Clemson University Study Discovers Dr. Petru S. Stoianovici and Prof. Michael T. Maloney learned the connection between payday financing and bankruptcy filings throughout the period from 1990 to 2006. Making use of state-level information on the legality of payday financing as well as on the amount of loan shops, the detectives found that neither …