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Brand-new conclusions: men would be the biggest owners of payday advance loans

Brand-new conclusions: men would be the biggest owners of payday advance loans

New numbers showcase, that 63 % of payday loans among our youth involving the years of 18 and 29 tend to be taken away by boys - and per private economist in Danske lender, Louise Aggerstr?m Hansen, that have been the beginning of a downhill financial curve. That is one of the reasons the reasons why monetary self-confidence try on the foundations inside the financial institution's societal affect tactic.

At Danske financial, Emil Toft Hansen from Copenhagen school is authorship his or her organization PhD thesis on lending routines of individuals located in Denmark. Associated with this, he has got charted payday loan online use among around 20,000 Danske financial institution people. His own conclusions show that 40% of all of the payday loans are actually removed by children from the ages of 18 and 29, and also in two away three matters the students borrower is actually a guy.

According to Louise Aggerstr?m, personal economist at Danske Bank, the fact that so many teens is applying for high-interest payday loans is a concern:

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