‘Mainstream customer’ | ‘Predatory’ lenders. Satisfying a need, another type of company

‘Mainstream customer’ | ‘Predatory’ lenders. Satisfying a need, another type of company

Greipp stated he failed to understand if community crime really increased after a check-cashing store’s arrival but noted their bad impressions had been adequate to reduce nearby home values.

“Check-cashing stores carry impressions that the individuals whom make use of these shops are generally transient without any banking account and might have a lifestyle that is unstable” he said. “Those impressions reduced home values.”

EZ Corp.’s President and CEO Joe Rotunda defended their company’s lending methods and proposed lots of people incorrectly stereotype his shops and clients.

“Our customers are particularly well educated — 25 % have actually a college education and 58 % have senior high school level with a few university time,” he said. “They need to be used and also have a banking relationship. They do say we might attract clientele that are undesirable and that’s far from the truth after all. This can be a main-stream consumer trying to find a choice that is different what’s out here.”

Read more