The cash advance industry has discovered a brand new and profitable supply of company: the unemployed.
Payday loan providers, which typically offer employees with payday loans on the paychecks, are providing the exact same solution to those included in jobless insurance. No task? Not a problem. An average unemployed Californian getting $300 an in benefits can walk into one of hundreds of storefront operations statewide and walk out with $255 well before that government check arrives for a $45 fee week. Continue reading With regular checks rolling in, the unemployed may be borrowers that are reliable payday loan providers.