Research suggests that low-income consumers are more interested in the amount of interest they were charged, rather than the size and frequency of their loan repayments.

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Research generally indicates that low-income consumers often focus more on the size and frequency of their loan repayments rather than the total amount of interest charged. This is because immediate cash flow concerns are typically more pressing for them than the total cost of the loan over time.

Research Suggests That Low-Income Consumers Are More Interested in the Amount