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Percent of households that used an alternative financial service (AFS) in the past year
Percent of households that used an alternative financial service (AFS) in the past year
Alternative financial services (AFS) are services offered by institutions other than traditional banks. Transaction AFS include money orders, check cashing, and international remittances. Credit AFS include payday loans, refund anticipation loans, rent-to-own services, pawn shop loans, and auto title loans.
