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Advance loan on benefit check costly to unemployed

Advance loan on benefit check costly to unemployed

The cash advance industry has discovered an innovative new and profitable way to obtain business: the unemployed.

Payday loan providers, which typically offer employees with payday loans on the paychecks, are providing the service that is same those included in unemployment insurance coverage.

No task? Not a problem. An average unemployed Californian getting $300 a week in advantages can head into certainly one of a huge selection of storefront operations statewide and go out with $255 ahead of when that federal government check comes — for the $45 cost. Continue reading Advance loan on benefit check costly to unemployed