Payday Denied: Exploring the lived experience of declined payday loan applicants

A CHASM Seminar

Speaker: Dr Lindsey Appleyard, Assistant Professor (Faculty Research Centre for Business in Society, Coventry University)

The aim of this research was to explore the impact of the 2015 cap on the cost of High-Cost, Short-Term Credit (HCSTC), as well as other rules governing the high cost credit industry at a similar time. We undertook 80 interviews with declined payday applicants, which we define as borrowers that had access to a payday loan prior to the regulation and are now no longer eligible. We explore the lived experience of the regulation, to examine the behaviour and strategies of borrowers as a result of not having access to payday loans and the implications for borrowers, credit and policy.

All are welcome, if you would like to attend, please contact Helen Harris at h.m.a.harris@bham.ac.uk.