Without a doubt about Fin Tech Alternatives to Short-Term Small-Dollar Credit

Without a doubt about Fin Tech Alternatives to Short-Term Small-Dollar Credit

Abstract

The main focus with this paper is considered the most promising option to the present short-term, small-dollar credit (“STSDC”) system serving low-income working families — the rapidly growing U.S. financial technology pc pc software — or “FinTech” — industry.

The paper starts by reviewing research that is previous the underlying causes of interest in STSDC — payday advances, automobile title loans, bank overdraft protection and comparable financial loans — by low-income working families.