Dallas residents interested in applying for a payday loan or cash advance benefit from a strong payday loan industry presence in their state. This presence is not limited to the more than 200 brick and mortar cash advance stores or payday loan shops within the city limits. Dallas provides consumers with access to the online payday loan application process, which has made it easier for city residents to compare, contrast and ultimately choose the right payday loan or cash advance for their needs. But recent regulations levied on the collective payday loan and cash advance industry could impact short-term loan distribution.
In May, the Dallas City Council enacted zoning regulations on payday loan stores. Though the legislation did not address the online payday loan industry, it has certainly opened the door for tougher restrictions. Payday loans and cash advances provide short-term financial assistance to individuals often turned aside by the banks. Any restrictions placed on payday loan or cash advance businesses to distribute funds to individuals could make it that much more difficult for people to get help. Payday Loan Facts is carefully monitoring this situation and will provide regular updates on this site.
