Dave Adams: Payday loan providers, and the next without them
Dave Adams could be the CEO for the Lansing-based Michigan Credit Union League and Livonia-based CU Solutions Group
Is it possible to name the industry that boasts more storefronts nationwide than McDonald’s and Starbucks? The clear answer may shock you — oahu is the lending industry that is payday.
Each issue about 3,000 loans per year, generating $935 million in annual revenue statewide in payday loans reviews Michigan, close to 600 payday lending storefronts.
That money comes at a cost that is high customers such as for example Kathy from Lansing. Health bills and a disabled partner left her needing cash that is extra. […]