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Without a doubt about Payday loan providers retreat within the face of brand new limitations

Without a doubt about Payday loan providers retreat within the face of brand new limitations

But it is nevertheless an easy task to obtain a high-interest loan in Houston.

Couple of years ago, on a 2ВЅ-mile stretch of Westheimer between Gessner and Voss, strip malls lining the roadway had no less than 11 storefronts hawking payday and automobile name loans. Anybody looking for a buck that is quick and ready to spend excessive interest levels – could choose from money America, Loan celebrity Title Loans, TitleMax, EZ Money Loan solutions, Ace money Express, two First Cash Advance outlets and lots of separate operators.

Today, just two of these storefronts stay to own short-term, high-interest loans to those that have hardly any other destination to turn: the big nationwide chains Ace money Express and Advance America.