Arizona update
July 9, 2010 | Arizona, industry | Comments (0)If the pattern holds true, reporters will now start doing stories about customers who need payday loans but can’t get them. From the story:
Advance America Cash Advance Centers Inc. announced plans this week to close all 47 of its locations in Arizona, along with 75 locations in several other states.
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Advance America spokesman Jamie Fulmer said last month that the end of payday lending could force customers looking for cash to turn to unregulated Internet loans.
“The consumers who find themselves between paychecks with some type of unbudgeted or unexpected expense should be very concerned about the options left,” Fulmer said.
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