More payday loan providers than McDonaldвЂ™s: phone telephone Calls grow for regulations on CaliforniaвЂ™s loan industry
If you’re quick on money and require some funds before your following paycheck, there was a fast fix for that, you could find yourself spending a higher cost because of it.
You will find almost 1,300 McDonaldвЂ™s in Ca and much more than 1,700 licensed payday loan providers, in accordance with a written report by the Ca Department of company Oversight.
A report by Pew Charitable Trusts revealed 5 percent of Californians remove a quick payday loan each adding up to nearly $3 billion annually year. Read more