Payday loan providers are targeting less suburbs that are affluent well as internal towns.

Payday loan providers are targeting less suburbs that are affluent well as internal towns.

Driving along Denton Highway, the key thoroughfare of Haltom City, you pass churches, fast-food restaurants, and automotive fix shops. In some places amid one other storefronts, vibrant colored indications beckon with promises of “100 % approval” and “Everyday is payday” — tempting invitations from 1 of the very pervasive brand new companies in this blue-collar suburb: payday lenders.

The town simply east of Fort Worth hosts 16 “credit access companies,” the brand new industry term for payday and auto name loan providers. Continue reading “Payday loan providers are targeting less suburbs that are affluent well as internal towns.”