Low-income households and credit: Exclusion, preference, and inclusion

TY - JOUR

T1 - Low-income households and credit: Exclusion, preference, and inclusion

AU - Ford, J.

AU - Rowlingson, K.

PY - 1996/8/1

Y1 - 1996/8/1

N2 - In this paper it is suggested that current debates on financial exclusion are often too narrowly drawn and institutionally focused. As a consequence, less recognition is given to the availability and use of other regulated financial services such as mail order and moneylending. Drawing on data from a number of recent studies, the authors explore the structures and processes involved in the provision and use of these additional credit sources and assess then-costs and benefits. It is suggested that alongside institutional exclusion are processes of self-exclusion, and also inclusion. The implications of such credit patterns for social and economic life in low-income communities are raised.

AB - In this paper it is suggested that current debates on financial exclusion are often too narrowly drawn and institutionally focused. As a consequence, less recognition is given to the availability and use of other regulated financial services such as mail order and moneylending. Drawing on data from a number of recent studies, the authors explore the structures and processes involved in the provision and use of these additional credit sources and assess then-costs and benefits. It is suggested that alongside institutional exclusion are processes of self-exclusion, and also inclusion. The implications of such credit patterns for social and economic life in low-income communities are raised.

M3 - Article

SN - 0308-518X

VL - 28

SP - 1345

EP - 1360

JO - Environment and Planning A

JF - Environment and Planning A

IS - 8

ER -