Without a doubt about army Declares War on Payday Lenders

Without a doubt about army Declares War on Payday Lenders

The one-mile strip of fast-food joints and pawn shops leading to the front gate of Ft on Gen. Screven Way. Stewart, finding a cash loan of $100 to $500 is all about as simple as purchasing a cheeseburger.

Many strip-mall businesses bear such names as look into CA$H (“Need Cash Today? It’s effortless as 1-2-3″), First American money Advance, Gold Check C.S. pay day loan, and PJ money (“Civilian and Military Welcome”).

Ft. Stewart has announced alleged lenders that are payday at its gate, accusing them of preying on U.S. troops with high-interest, short-term loans that plunge them deep into debt.

“It’s like riding a merry-go-round — when you log on to, it is difficult to log off,” said Frederick Sledge, an urgent situation relief officer at Ft. Stewart whoever workplace offers interest-free loans to soldiers in monetary trouble. Devamını oku