The Pima Council on Aging can be involved with all the procedure of payday lenders. In split instances, two senior Tucson females became so indebted to payday loan providers that they had to obtain assistance from Jennifer Walker, customer advocate when it comes to agency. Walker stated one of many ladies was spending half her month-to-month personal safety check on her pay day loan.
вЂњThe rate of interest these places fee is usurious,вЂќ Walker stated. вЂњAnd it is specially unfortunate whenever a senior widow makes use of a loan such as this to fix the automobile she requires to get to her doctor.вЂќ
But Jonathan Paton, the southern Arizona spokesman for the Community Financial Services Association, a payday financing industry team, stated their users strictly stay glued to state lending laws and regulations.