Cash Loan Store Donates Money to School

Historical archive, first published 2006 — payday-lending laws and rates have changed since. Preserved for the record.

Based on the interest rates they charge, most cash advance companies and stores earn a profit. While critics have a problem with this scenario, some of that money is often used for good. 

Case in point: PLS Auto Title Loans and the PLS Payday Loans Store in Montgomery have donated $400 to schools in the Montgomery area as part of a back-to-school promotion.

Customers at the two cash cash advance loan stores nominated two local schools to receive a $200 donation.

In drawings, George Washington Carver High School won one of the $200 contributions, while Holtville Middle School in Elmore County won the other.

Both stores are owned by Chicago-based PLS Payday Loan Store, which operates more than 200 financial service centers in nine states. Such moves by a bad credit payday loan company are probably just a PR decision - but that doesn't make the donation any less helpful.