Below are some fast information about the lending that is payday in Louisiana, published by LBP analyst David Gray.

• Relating to industry representatives, payday financing was created to trap borrowers in long-lasting rounds of financial obligation:

“The theory in the industry is that you’ve got to have that customer in, work to make him right into a repetitive consumer, long-term consumer, because that’s really where in actuality the profitability is. Continue Reading