Any doubt that people need short-term credit?
October 2, 2009 | Washington, industry | Comments (0)From the Seattle Business Journal:
The number of payday lenders dropped slightly in Washington state last year but the total amount of money loaned grew a bit.
According to the Washington State Department of Financial Institutions (DFI), there were 133 licensed payday lenders with a total of 717 locations in the state last year, compared with 138 lenders and 729 locations in 2007. The lenders made fewer loans last year — 3.196 million — compared with 3.26 million made in 2007, but the total amount of loans rose to $1.31 billion last year from $1.29 billion in 2007.
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