Without a doubt about army Declares War on Payday Lenders

Without a doubt about army Declares War on Payday Lenders

The one-mile strip of fast-food joints and pawn shops leading to the front gate of Ft on Gen. Screven Way. Stewart, getting an advance loan of $100 to $500 is all about as simple as investing in a cheeseburger.

Many businesses that are strip-mall such names as look at CA$H (“Need money Today? It’s effortless as 1-2-3″), First American money Advance, Gold Check C.S. wage advance, and PJ money (“Civilian and Welcome” that is military).

Ft. Stewart has announced so-called lenders that are payday at its gate, accusing them of preying on U.S. troops with high-interest, short-term loans that plunge them deep into debt.

“It’s like riding a merry-go-round — as soon as you can get on, it is difficult to log off,” said Frederick Sledge, an urgent situation relief officer at Ft. Stewart whoever workplace provides loans that are interest-free soldiers in monetary trouble. (more…)