How Borrowers Choose and Repay Payday Loans, by Pew Charitable Trusts (2013).

How Borrowers Choose and Repay Payday Loans, by Pew Charitable Trusts (2013). “[This report] answers several important questions: If payday loans are unaffordable, why do people choose them? How can they eventually pay them back at all? And what are the consequences of using a loan that is so difficult to repay? This report looks at individuals’ decision processes to see why they borrow instead of cutting back expenses or choosing other options, and how they fare using the loans.” (Intro.)

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