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Raleigh Bankruptcy Law Blog

The personal loan trend among young consumers

One type of debt that young consumers appear to be turning to more often lately are personal loans.

A recent study from an online lender points to young borrowers taking on a larger share of such loans in recent years. According to this study, back in 2015, consumers ages 18 to 35 made up only around one out of every eight personal loan borrowers. The study indicates that, now, individuals from this age group make up almost one out of every four such borrowers.

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