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New findings: teenagers would be the biggest users of pay day loans

New findings: teenagers would be the biggest users of pay day loans

Brand brand New figures show, that 63 per cent of pay day loans among teenagers amongst the many years of 18 and 29 are applied for by males – and based on private economist in Danske Bank, Louise Aggerstrom Hansen, that may be the start of a downward spiral that is financial. This is certainly a primary reason why confidence that is financial regarding the cornerstones into the bank’s societal impact strategy.

At Danske Bank, Emil Toft Hansen from Copenhagen University is composing their company PhD thesis on lending habits of residents residing in Denmark.