Nick Mitchell-Bennett regarding the Community Development Corporation of Brownsville, Texas developed a substitute for payday lending that’s going nationwide.
Payday advances had always been a sinkhole that is financial the working bad for the Rio Grande Valley.
However in the mid-2000s, storefront loan providers with names like EZ Money, Speedy money and Advance America abruptly seemed everywhere — in strip malls beside the beauty supply shop, from the highway exit ramp across through the Burger King.
One enterprising loan provider in Brownsville, Texas even converted A shell that is old gas into that loan center by having a drive-up screen so patrons could achieve due to their money without also making their automobiles, claims Nick Mitchell-Bennett, executive director for the Community developing Corporation of Brownsville. “It really is got neon lights and seems like a vintage 50’s drive-in.