Let me make it clear about Payday loan providers hungry for lots more

February 18, 2021

Let me make it clear about Payday loan providers hungry for lots more

Michigan League for Public Policy

Final October, we published a line within the Alpena Information on payday financing, the risk it poses to neighborhood residents, additionally the legislative efforts underway in Lansing to safeguard borrowers.

We noted that rural areas, in specific, are in danger of payday lending, and therefore 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 a lot more available right here than generally in most counties. Read the rest of this entry »