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Cash advance fell while in the pandemic, but Californians is ‘not-out of the trees’

Cash advance fell while in the pandemic, but Californians is ‘not-out of the trees’

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A different statement receive a dramatic reduced amount of Californians' reliance upon cash advance just like the a direct result of pandemic-relevant bodies guidance, in addition to unemployment professionals, lease save, eviction moratoriums, stimulus checks and you may mortgage forbearance. However, positives warn which use regarding payday loan is anticipated so you're able to rebound immediately following authorities guidelines closes.

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