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Beyond Payday Loans: Consumer Installment Lending in Illinois

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Publication Date: March 2009

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

Author(s): Sarah Duda; Tom Feltner

Topic: Banking and finance (Credit and loans)
Economics (Consumers and consumption)

Keywords: Loan default; Loan reform; Consumer protection

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.

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