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Beyond Payday Loans: Consumer Installment Lending in Illinois
Publication Date: March 2009
Publisher(s): Public Action Foundation; Woodstock Institute (Chicago, Ill.)
Author(s): Sarah Duda; Tom Feltner
Funder(s): Chicago Community Trust; John D. and Catherine T. MacArthur Foundation; Richard H. Driehaus Foundation; Woods Fund of Chicago; Heron Foundation
Funder(s): Chicago Community Trust; John D. and Catherine T. MacArthur Foundation; Richard H. Driehaus Foundation; Woods Fund of Chicago; Heron Foundation
Special Collection: John D. and Catherine T. MacArthur Foundation
Topic: Banking and finance (Credit and loans)
Economics (Consumers and consumption)
Keywords: Loan default; Loan reform; Consumer protection
Type: Report
Coverage: Illinois
Abstract:
This report analyzes detailed, loan level data and describes the terms and conditions, borrower demographics, and default characteristics of loans made by consumer installment lenders in Illinois.