The Rev. John Copenhaver associated with United Methodist Church and vice president associated with the Valley Interfaith Council speaks at a protest close to the Advance America office at 2124 S. nice Valley path on Friday. Copenhaver along with other spiritual leaders state automobile title and cash advance businesses like Advance are bad of predatory lending to the indegent due to high yearly portion prices on loans that trap borrowers into financial obligation.
Evan Goodenow/The Winchester Sta
WINCHESTER вЂ” Car name and payday advances are billed as short-term repairs for individuals low on money, but experts state theyвЂ™re legalized loan sharking because of astronomical percentage that is annual (APR) that trap vulnerable borrowers into endless rounds of financial obligation. Read more