Category: loans angel loans payday loan

Arizona voters to determine future of Payday Lenders

Flagstaff, AZ – You’ve most likely seen those anonymous searching storefronts around Arizona marketing pay day loans there are over 700 of those into the state. But it’s likely you have never taken one out. Nevertheless, the way you vote on Proposition 200 week that is next assist figure out the continuing future of the payday financing industry into the state. Arizona Public Radio’s Daniel Kraker gets the story that is second our show from the ballot initiatives.

right Here’s a trick concern. Who is investing in this television advertisement on Prop 200?

(noise from television ad)”Arizonans consent. Payday loan providers whom benefit from hardworking families, should be stopped. Vote yes to pass through hard striking reforms to create the loan that is payday in order.”

This commercial, surprisingly, is bankrolled by the payday financing industry, which includes moved 14 million bucks in to the campaign to pass through Proposition 200

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