The payday and car name loan industry exists just because vast swaths associated with United States lack even one bank that is traditional the city. It’s that easy.

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As banking institutions have become larger through mergers and purchases, compose the authors, they will have closed branches in a lot of communities, reducing use of affordable loans. Brian Ernst/Sun-Times

The payday and automobile name loan industry provides predatory loans to those who reside in communities that lack use of conventional banking institutions. Continue reading →