Credit rating analysis Foundation Survey Shows Fewer Than 13 Percent of Military Enlisted Personnel Have applied for an online payday loan in the this past year

Credit rating analysis Foundation Survey Shows Fewer Than 13 Percent of Military Enlisted Personnel Have applied for an online payday loan in the this past year

WASHINGTON–( COMPANY WIRE )–June 28, 2006–Consumer Credit analysis Foundation circulated a research today showing that less than 13percent of armed forces enlisted workers took down an online payday loan within the just last year. The study revealed that enlisted personnel usage short-term credit items, such as for example payday advances, infrequently to lessen short-term money requirements and they are expected to repay them a lot more quickly than their civilian counterparts.

The analysis, authored by Charles B. Cushman, Jr., Ph.D., a previous military officer and Associate Dean for the Graduate class of Political Management at George Washington University, and William O. Brown, Jr., Ph.D., Professor of Finance at University of new york – Greensboro, could be the very first systematic study of enlisted armed forces workers that addresses their financial circumstances and attitudes toward short-term credit.