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Limiting the Distance between Cash Advance Stores

  • October 19th, 2005

Recently there is legislation to limit the distance between cash advances stores in Arizona. This can only mean that the people of Arizona have been getting a record amount of payday loans. This tactic is used for adult places that I will not mention here. This law would be good for competition of these stores but also could lead to less competitve fees on loans since most people are not able to travel to obtain a loan. In my opinion its a good law only if you provide strict regulation of the fees that can be charged for a cash advance. Again a cash advance is good tool when used properly.

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