Title Loans In California

The Myth vs. The reality About Managing Payday Lenders

The Myth vs. The reality About Managing Payday Lenders

Whenever state regulations drive alleged “debt traps” to power down, the industry moves its online business. Do their low-income clients follow?

This year, Montana voters overwhelmingly authorized a 36 per cent rate limit on pay day loans. The industry — individuals whom operate the storefronts where borrowers are charged interest that is high on tiny loans — predicted a doomsday of shuttered stores and lost jobs. (more…)