The Parma city council put restrictions on the number of “check cashing” stores in the city. Currently, there are seven check cashing and payday lending stores in Parma. The limit now is nine.
The Payday Pundit has a simple point to make: It’s a $300 loan!
That’s right, the average payday loan is $300. To paraphrase Churchill, never in the course of human history has so many made so much fuss over so little.
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