Flickr user pknaack1 posted this photo to our Planet Money Flickr group. Pknaack1 writes:
This is a brand new business in Kenosha, Wisconsin, just opened today, Jan. 11, 2009. I like that it advertises that you can get up to $20,000 today.
According to its website, the Cash Store offers cash advances, installment loans and title loans with no credit report required. The number of businesses offering these so-called payday loans has ballooned in recent years. Just last week I noticed a new cash advance store in our neighborhood, on 43rd St. between 5th and 6th Avenue, right in the heart of Midtown Manhattan.
categories: Standard of Living
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