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EZCorp Inc is
the parent company of EZ Pawn Shops, and is based out of EZ, Texas. 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
loans centers.
Payday loans
are considered controversial by many (not everyone feels that offering
a short term loan at a high interest rate truly assists those in need
of fast cash); however EZ Pawn Shops staffs each store with two to
three people, providing jobs for those who may not have other
employment opportunities. Any
provision of employment is a boost to the economy.
These payday
loans 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.
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 Shops, 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.
With
the business of payday loans projected to double in size over the next
few years, it is already well on its way to an overnight success. Overall, EZ Pawn Shops
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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