As the end of the month is approaching, business as the Arizona payday loan industry knows it will be changing. Arizona Attorney General announced this week that there will be a focus on the stores to assure the stores are not operating charging more than the allowed interest rate of 36 percent. Roughly 200 stores have currently made requests to stay open and transfer to a different business type such as car title loans.

Hopefully, the effect of closing these stores in Arizona will not leave consumers without anywhere to turn for emergency funds. Many consumers depend on payday loans to get them through tough times and rely on this fast way to receive funds..It will be interesting to watch, we will keep you posted…
LeadPile works with many payday lenders, connecting consumers in need to a direct source for funds.

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