By CAROLINE BECK and MARY SELL, Alabama Everyday Information
A lender that is payday Jefferson County said he’s seen a recently available reduction in the short-term loans applied for by Alabamians, but advocates for lots more legislation on that industry are involved a lot more people will seek out loans as organizations remain shut.
A payday lender and president of Borrow Smart, a payday lending industry group“If the economy goes south, so does our business, ” said Max Wood.
Payday and name loan providers continue steadily to run in Alabama amid the shutdown of “non-essential” companies so that you can slow the spread associated with brand new coronavirus. Continue reading Gun sellers, payday loan providers stay open in Alabama as ‘essential company’