Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Arizona payday loan stores offering concessions
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October 31, 2005
Arizona payday loan stores offering concessions
Payday loan industry has attracted plenty of criticism recently in Arizona and everywhere else. Now the payday loan stores are trying to placate the state government with some minor changes in the way they operate.
Arizona payday loan industry "officials said they would support a rule that would require borrowers to sign a document affirming they do not currently have another payday loan outstanding." Such a move would protect borrowers from getting into never ending cycle of borrowing more and more money while paying more and more fees.
Posted in Payday Loans at October 31, 2005 05:31 PM
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