Thursday, November 2, 2006

Payday Loan Store Robbery in Colorado

By Paul Rizzo
Payday Loan Writer

A payday loan store was robbed by Tuesday at about 6 p.m. in the 500 block of E. Colfax.

According to a police report, the suspect entered the cash advance venue, approached an employee, pulled out a handgun and demanded all the money in the vault in the back.

The victim complied, handing over more than $1,300 in cash. The suspect then fled. He remains at large.

As you might expect, brick and mortar locations that specialize in cash loans are susceptible to robberies. Few other businesses carry as much cash on hand as these operations do.

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