Has the Recent Mortgage Crisis Affected the Payday Loan and Cash Advance Industry? If So, How?

Across the nation and throughout the world, the sub - prime mortgage meltdown has made many lending institutions reevaluate their practices and method for disbursing loans. As a result, the payday loan and cash advance industry has seen a significant rise in business. With higher than average interest rates, these short term "hard cash" loans have been the only hope to many a consumer.

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