“No,” Pignanelli stated, talking about the 10 chains from the Utah customer Lending Association he represents. “But there are bad apples (elsewhere) in the market.”
He adds that often loan providers may find in areas where populations are poorer or even more Hispanic “because it is more straightforward to get yourself a rent there, state along State Street, as an example.”
He states it wouldn’t normally add up for the industry to a target the indegent. “we do not victim regarding the poor while the homeless, as the bad and homeless do not pay off loans.”