Payday financing: a fantastic solution or a perfect storm

Payday financing: a fantastic solution or a perfect storm

By Marty Denzer Catholic Key Associate Editor

KANSAS CITY —Payday and name loan stores appear to appear everywhere you appear. You can find at the least 245 in Kansas City, 45 in St. St. Joseph, 32 in Maryville, 33 in Nevada and eight in Bethany, in accordance with the on the web Yellow Pages. The licensing information that is latest, 2013-14, suggested that almost 900 cash advance shops have been in procedure at any one amount of time in Missouri.

There are additionally a growing amount of parish-based crisis support programs and many Catholic social solution agencies including Catholic Charities on both edges for the state line to simply help customers purchase lease, meals and resources, perhaps perhaps not since the recipients are not earning sufficient to spend these exact things by themselves, but as the cash they make is certainly going nearly totally to settle payday or automobile title loans. Continue reading “Payday financing: a fantastic solution or a perfect storm”