Are payday lenders the only industry issuing credit?
September 24, 2008 | Texas, customers, industry, media coverage, states | Comments (0)In El Paso, they are. From the story:
Many Sun City residents are finding it hard to get a loan as looming concerns over the state of our nation’s financial system hit home. As local credit unions feel the credit crunch, payday loans institutions are booming.
“Credit is very hard to get,” said Sam Diaz, the President and CEO of Mountain Star Federal Credit Union. “I’ve always looked at how many loans we made for the month. Now, I’m looking at how many we’ve turned down.”
Comments»
No comments yet.