Commentary: pay day loan organizations are robbing Alabamians

Commentary: pay day loan organizations are robbing Alabamians

By Dr. Neal Berte, President- Emeritus of Birmingham-Southern University Commentary

Some Alabamians had been robbed through the yuletide season as they shopped for gifts because of their buddies and families. This robbing that is typical carried out by the one and only Alabama’s toxic payday and title loan providers the majority of which are owned by away from state businesses.

Alabama has more predatory loan providers ‘per capita’ than every other state when you look at the country.

Lots of people took away “payday loans” to purchase vacation gift ideas and today, they are looking down a dark hole as we hit mid-January. It really is depressing, it is dishonest and now we can fare better.

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