The Illinois Payday Loan Loophole

Contributing Organization(s): Woodstock Institute

Author(s)/Creator(s): Tom Feltner; Sarah Duda

Publishing Date: 2008-04-25

Issue Areas: Economic Development

Intended Audience: Advocates; Policy Professionals

Coverage: Cook County, Illinois


Analysis of Circuit Court of Cook County filings by one large payday lending showing the shift from short-term loans, cover by Payday Loan Reform Act consumer protections, to longer-term installment loans not covered by the act. The report also looks at the debt collection process.

Download this research:

http://www.woodstockinst.org/publications/download/the-illinois-payday-loan-loophole/

Ownership/Rights Info: Copyright 2008 Woodstock Institute. All rights reserved.

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