Beyond Payday Loans: Consumer Installment Lending in Illinois


Publication Date: March 2009

Publisher: Public Action Foundation; Woodstock Institute (Chicago, Ill.)

Author(s): Sarah Duda; Tom Feltner

Research Area: Banking and finance; Economics

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.