Payday Loan Times

News About the Ever Changing Payday Advance Industry

Looking for a Payday Loan in Nevada? Get Your Hiking Boots On

Filed under: Nevada — J.J. Cameron at 2:30 pm on Tuesday, March 28, 2006

It was an idea hatched in Phoenix: why not spread out the locations of stores offering payday loans? The idea, supposedly, was that this would make it more difficult for individuals to acquire a cash advance.

Now, Nevada has joined in on the craze. Henderson, the state’s second largest city, is adopting new rules to curb the growing industry of payday loan lending and check-cashing centers. The area’s new ordinance expands the distance between the stores.

City officials say they’re concerned about the 31 payday advance businesses in town - including six that have opened in the last year and a half.

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