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Payday loan providers retreat within the real face of brand new limitations

Payday loan providers retreat within the real face of brand new limitations

But it is nevertheless very easy to obtain a loan that is high-interest Houston.

Advance America’s location at 8574 Westheimer is regarded as 20 shops within the string that remain available. The business shut 11 shops into the wake of Houston’s crackdown on payday lenders. Melissa Phillip/Staff

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

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