Tag: online loans

Payday Lending Gains Favor Among Michigan Elderly Borrowers

Several microfinance institutions recorded an increase in the number of clients of retirement age in Michigan. Pensioners do not have enough money for current expenses, and banks are in no hurry to issue loans to older customers. Pensioners are increasingly turning to microfinance organizations for loans. This conclusion was introduced in Banking and Credit Union Corporate Activity Reports that analyzed the activity of older clients in the period from January to September 2022 compared to