Finally. I first became aware of these business in the mid 90’s during an advertising campaign. How these legalized loan sharks survived all these years is sad.
36 per cent. Wow. I think we need that state or county bank that I heard about to make loans.
Got called (by an actual operator) about this and ‘preventing people who need them from getting loans’ asked the called if it was the payday loan industry. He didn’t know and asked a co-worker and then said it was.
Thanked him for calling and hung up.
Thank goodness. I’m all for personal accountability, but these payday loan places are scam artists. Some of the tactics they use - like never sending a first statement until past the due date - should be crimes.