While advocates of payday loans say they grant loan access to people with poor or no credit, critics say these short term" loans unfairly target minority populations and trap people into lengthy debt cycles. This section describes the data sources for these estimates and Section 3 outlines areas where the Experimental Statistics differ from what is currently published in the national accounts. These anomalies arise where a number of changes to the input data have been identified and implemented in these Experimental Statistics, following a review of the construction of the time series. The impact of these differences is small, at negative 0.1% of total loans (assets) in 2017.The borrower's financial past as far back as possible is taken into account. For example, a County Court Judgement (CCJ) 5 years ago may influence a lender's decision even though the borrower is now in a more stable and affordable position. Our bank scrape means that our application process is much faster and that if you pass the scrape, you are provided with the necessary credit.
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