Shelby County has more payday loan providers (definitely) than just about other county into the state, based on a brand new report from a Chattanooga-based think tank.
The county has 232 lending that is payday, a lot more than double of second-ranked Davidson County (Nashville), which includes 109.
Shelby ranks second out of most Tennessee counties for the true amount of such loan providers per capita. For each 100,000 Shelby County residents, you can find almost 25 lenders that are payday. Just Madison County (Jackson) beats Shelby with almost 30 lenders that are payday capita.
As a whole, you will find more 1,233 payday lending areas in 89 for the stateвЂ™s 95 counties.
вЂњThe high totals of predatory lender locations in Tennessee are indicative of the free regulatory environment,вЂќ reads вЂњFighting Predatory Lending in Tennessee,вЂќ issued this thirty days from the Metro Tips venture. (more…)