Monday, July 22, 2013

Consumer Loan Businesses

Take a look at this satellite photo of Eastgate Shopping Center.  If it gets approved, the new TitleMax will go into the second building on the north side west of the intersection of Walnut and Wall, the old Wendy's building.  In the building at the far east end of Eastgate Shopping Center, by my count, there are 4, that's four, consumer loan offices, one right next to the other.  It's like fast food.  You know you want a loan but don't decide which one to go to until you stand in front of them.

Or maybe, you go into one, get turned down as too risky and move down the row, looking for the one that will accept your risk and charge you a commensurately high interest rate.

Comments are welcome.

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