Without a doubt about armed forces Declares War on Payday Lenders

Without a doubt about armed forces 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 advance loan of $100 to $500 is approximately as easy as purchasing a cheeseburger.

Many strip-mall companies bear such names as look into CA$H (“Need money Today? It’s Easy as 1-2-3″), First American money Advance, Gold Check C.S. wage advance, and PJ money (“Civilian and Welcome” that is military).

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 — as soon as you log on to, it is difficult to log off,” said Frederick Sledge, a crisis relief officer at Ft. [Read more…]