Abstract: “Your debt pitfall theory implicates pay day loan while the one thing exacerbating consumers’ economic distress We discover users sign up for cash advance when they have limited the means to access conventional borrowing Properly, restricting entry to cash advance might possibly be anticipated to remove delinquencies towards the popular borrowing from the bank situations. We test this implication of the theory by taking a look at delinquencies to the rotating, shopping, and cost…