The unpretentious city of Cleveland, Tenn., in the foothills of the Great Smoky Mountains seems an unlikely epicenter for a $50-billion-a-year financial industry with its quaint downtown and tree-lined streets.
But this is how W. Allan Jones founded look at money, the granddaddy of contemporary lenders that are payday which appeal to an incredible number of financially strapped working people who have short-term loans — at annualized interest levels of 459%.
“It’s the craziest company,” said Jones, 55, a genial homegrown tycoon who founded his independently held business in 1993. “Consumers love us, but customer teams hate us.”
Years back, an employee might have expected their boss for an advance on their paycheck. Continue reading Let me make it clear about A middle-class relocate to payday loan providers