Per the 2013 edition of the survey of consumer finances scf, Ask an Expert

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Per the 2013 edition of the Survey of Consumer Finances (SCF), 35.6% of households in the bottom income decile were turned down for credit (or avoided applying for credit due to a fear for being turned down). Explain why these households can’t simply gain access to lending by promising to pay higher interest rates.

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Financial Management, Finance

Category:- Financial Management
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