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Though payday loans are considered
controversial (not everyone feels that offering a short term loan at a
high interest rate truly assists those in need of fast cash), EZ Pawn
staffs each store with two to three people, providing jobs for those who
may not have other employment opportunities.
The payday loans service also
offers a fast, easy solution to emergency situations when an unexpected
payment may come up (a medical or auto repair bill).
It is a good resource for those times when the “bill hits before
the paycheck”, if you don’t mind paying a few extra dollars to avoid
the late fees, over the limit fees, and credit problems caused by making
late payments. EZ Pawn has
become a well-known provider in the payday loan business because they
conducted years of consumer research, which helped them to conclude that
the payday loan industry offered the best prospects for the growth of the
company.
EZCorp Inc, the owners of EZ Pawn,
are based out of EZ, Texas, and is one of the largest providers of
payday loans in the nation. EZ
Pawn has locations in eleven states, with additional locations labeled as
EZMoney Payday loan centers.
Payday loans are based on the
presentation of a paycheck (as proof of employment and regular income), as
well as some personal information. Through
EZ Pawn, it allows an “advance” on your paycheck for up to 30 days (an
average loan is approximately $300), and incurs some fees, as well as an
18% interest rate.
The payday loans business is
projected to double in size over the next few years and is already well on
its way to an overnight success. Overall,
EZ Pawn should see steady increases in business, between the payday loans
already available through its pawn stores as well as its specialized
payday loan locations.
New! Paycheck loans now easy
to get online!
Online cash advances now available
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