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Thriving in Utah: cash advance stores are showing up everywhere

Thriving in Utah: cash advance stores are showing up everywhere

Pay day loan stores are showing up everywhere

  • Megan Pedersen, whom states lenders that are payday become every-where, has used this always always Check City in Taylorsville. Jason Olson, Deseret News morning
  • The payday that is first shop starred in Utah in 1984. In 1994, 17 had been into the Salt Lake area. Now, utah has 381 cash advance stores and online lenders certified into the state. Tom Smart, Deseret Morning Information
  • Deseret News graphic morning

As Megan Pedersen of Midvale struggled with finances, she ended up being tempted constantly because of the bright yellowish or green awnings of stores marketing instant payday loans. “It appeared like these people were on every corner.”

She finally chose to decide to try one seven years ago to prevent asking her moms and dads once more for the money. She claims paying down the mortgage shops’ 500-percent-or-so interest is difficult, but she nevertheless makes use of them sporadically since they offer an instant, convenient method to handle emergencies. Continue reading Thriving in Utah: cash advance stores are showing up everywhere