When payday loan loans can pay your bills
When a payday loan company offers you a loan, it’s often the only option.
In Arizona, however, a bill collector wants a payday lender to make a payment for the debt.
That’s the case in Tempe, Arizona, where the Phoenix-based payday lender Boodle was forced to take down a number of online advertisements because of the city’s law.
The company said it complied with all laws and regulations, and said it had “no other recourse.”
“It’s unfortunate that some people have chosen to disregard the law, and the fact that our business is open and available to the general public,” Boodle CEO Jeff Jones told The Associated Press.
Jones said the company was working to “get back on our feet” and would not go into further detail on how the bill collector obtained its account information.
But the company said the incident showed how important it is for people to have an easy way to find a payday payday loan online.
The Arizona payday lender industry is “still in the early days” and has only been around for about a year, Jones said.
“We want to do the right thing for the community.”