Without a doubt about Payday loan providers hungry to get more
Final October, we had written a line within the Alpena News on payday financing, the hazard it poses to regional residents, in addition to legislative efforts underway in Lansing to safeguard borrowers.
We noted that rural areas, in specific, are vulnerable to payday lending, and that Alpena County has among the greater prices of payday loan providers within the state, with 14 shops per 100,000 individuals, making the high-interest, high-risk loans much more accessible right right here than generally in most counties.
