No one ever wants to take out loans or use a payday lenders but in some cases we have to. There are huge issues with these companies. More payday loan companies are used in lower income neighborhoods. This is due to the fact that lower income families sometimes need to get money quick for stuff they might need or want. Even if they are a high risk borrower it is easy for them to just go in and get money even if it takes them years to pay off these loans. Part of the issue is that many of these people taking out loans have a hard time paying back the loans. Most of the time they didn't have the money to begin with and they won’t have the money to pay the loans back on time. Also another issue is they have so many payday loan places with high
