Speaking of sluggish local economies
October 1, 2008 | California, media coverage, states | Comments (0)Centeral California is hurting, but this smart consumer got helped by a payday loan company:
Cynthia Anderson lives in Santa Maria and went to the Cash Advance on Broadway. She was charged $25 to borrow $150.
But Anderson says the loan is a one-time thing and she only stopped by because “I don’t get paid until Thursday and I have a bill due today.”
She plans to pay back the loan on time and in full.Plus, if she wrote a check from her bank account, it would bounce and she says the overdraft fees would end up costing her $35, more than the extra $25 she’ll end up paying to Cash Advance.
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