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New findings: teenage boys will be the biggest users of pay day loans

New findings: teenage boys will be the biggest users of pay day loans Brand brand brand New figures show, that 63 percent of pay day loans among young adults involving the many years of 18 and 29 are applied for by guys – and relating to personal economist in Danske Bank, Louise AggerstrГёm Hansen, that may be the start of a downward spiral that is financial. This is certainly a primary reason why confidence that is financial for the cornerstones into the bank’s societal impact strategy. At Danske Bank, Emil Toft Hansen from Copenhagen University happens to be composing their company PhD thesis on financing habits of residents staying in Denmark. Relating to this, he’s charted loan that is payday among around 20,000 Danske Bank clients. Their findings reveal that 40% of most pay day loans are applied for by young adults amongst the many years of 18 and 29, plus in two out of three situations the borrower that is young a guy. In accordance with Louise AggerstrГёm, personal economist at Danske Bank, the truth that a lot of young adults are taking out fully high-interest payday advances is a challenge: “Taking out an online payday loan – plus in specific taking right out a few payday advances – can be the start of a downward spiral that is financial. Also if it is just a question of...

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