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

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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.
Original languageEnglish
Pages (from-to)1345-1360
Number of pages16
JournalEnvironment and Planning A
Issue number8
Publication statusPublished - 1 Aug 1996

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