In driving around town one day,you noticed most of the payday loan companies were located close to the college and the local military base and there were none out in the newer neighborhoods.Why do you think this is so?

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Payday lenders often target less experienced borrowers who may not have a lot of income, such as college students and military personnel. These individuals may be more likely to need quick access to cash and less likely to have established credit or access to traditional loans. The lack of payday loan companies in newer neighborhoods may be due to the fact that the residents of these areas may have higher incomes and better credit, and therefore less of a need for payday loans.

In Driving Around Town One Day,you Noticed Most of the Payday