Payday Loans Online | Mesa Rejects Payday Loan Store Restrictions

The Mesa, Arizona City Council rejected a rule recently that would have prohibited payday loan stores from locating within 1/4 mile of another loan store.

That drew fire from critics who plainly say the short term lending businesses prey on people in bad financial situations. There are more than 100 payday lending stores in Mesa, which offer check-cashing services and short-term loans with high interest rates.

The Mayor, council members and others to defeat the measure.  They maintained that it would do little to curb the problem of Mesa's exploding number of lending businesses.

Critics of the stores chafed at an assertion by one council member that some residents wanted restrictions on the businesses because the stores cater to poorer residents and minorities.