Like everyone else
December 21, 2008 | Alabama, industry, media coverage, research, states | Comments (0)Payday lending customers in Alabama are belt tightening. From the story:
Several chains of stores operating in the Montgomery area say the annual spike in the final five or six weeks of the year didn’t happen this year, reflecting a the results found in a survey conducted by Borrow Smart Alabama, an industry trade association.
The survey shows that more payday owners are reporting a decline in business this year, with about three times as many reporting a decline in December as reported an increase in lending.
But we’re told over and over again by the media that payday lenders benefit from the economic downturn. It was shrewd of Borrow Smart Alabama to do a survey disproving this.
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