From Puget Sound into the Northwest towards the Virginia coastline, the landscape is the identical: the key gate of a big army base starts onto a highway lined with shops desperate to make small, quick and remarkably costly loans, no concerns asked.
There are many than 200 of the outlets that are quick-loan the Navy bases of Norfolk and Hampton in Virginia; nearly two dozen round the aquatic Corps base at Camp Pendleton in California; and three dozen within three kilometers associated with Army’s Fort Lewis in Washington State.
A good time so the young Navy petty officer and her husband in the Puget Sound area had no trouble finding a willing lender when they wanted to borrow money between paychecks to show visiting relatives.
Having the loan was quick and convenient, too.
To borrow $500, they composed a $575 check to your loan provider, become cashed on the payday that is next than a couple of weeks away.