Payday lenders provide high-cost short-term loans to those who have limited access to traditional financial institutions. Although an overwhelming majority of payday loan customers are repeat borrowers, studies examining the phenomenon of repeat borrowing is scant. Our study aimed to assess risk and protective factors among repeat payday loan borrowers. Using Bankruptcy filers' data obtained through the Public Access to Court Electronic Records database of the United States Bankruptcy Court of a Southern district, we conducted a multinomial logistic regression analysis to compare one-time and repeat borrowers with non-borrowers (N = 453). Findings revealed that medical debt and the number of children are associated with an increased risk of repeat borrowing. Homeownership is associated with a decreased risk of both one-time and repeat borrowing. In contrast, student loans are associated with an increased risk of one-time borrowing. Implications for social work practice, policy, research, and education to engage with financially vulnerable households, build assets and financial capability, and address risk and protective factors of alternative financial services such as repeat payday loan borrowing toward achieving socio-economic justice goals are discussed.

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美国重复发薪日贷款的现象：评估金融弱势群体的风险和保护因素

发薪日贷款人向那些无法进入传统金融机构的人提供高成本的短期贷款。尽管绝大多数发薪日贷款客户是重复借款人，但研究重复借款现象的研究很少。我们的研究旨在评估重复发薪日贷款借款人的风险和保护因素。使用通过美国南部地区破产法院公共访问法院电子记录数据库获得的破产申报人数据，我们进行了多项逻辑回归分析，以比较一次性和重复借款人与非借款人 (N = 453) . 调查结果显示，医疗债务和儿童数量与重复借款的风险增加有关。房屋所有权与一次性和重复借款的风险降低有关。相比之下，学生贷款与一次性借款的风险增加有关。讨论了社会工作实践、政策、研究和教育对与经济脆弱家庭接触、建立资产和财务能力以及解决替代金融服务的风险和保护因素的影响，例如重复发薪日贷款借款以实现社会经济正义目标.