About 20% of cash advance stores shut in Utah year that is last.

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1/6 Utah advance loan shops left the financing business this past year as greater amount of borrowers started initially to utilize brand new solutions getting out of high-interest loan financial obligation. 1 this really is certainly one of link between brand new laws when you look at the state. The brand new Utah legislation aims at protecting customers from high priced cash loan and it is hoped to assist them to to not ever enter into financial obligation.

The major causes why cash advance staores are shutting straight straight straight straight down in Utah: