At one time or another, we've all had to pinch pennies to make ends meet. But for some households - too many of them minority households - access to credit when times are particularly tight can mean the difference between putting food on their table and watching their family go hungry.
Millions of Americans across the country have been helped by short-term lending to deal with periodic, unexpected expenses. Short-term lenders are important and valued members of our community, and their services support Americans who turn to short-term credit when their electric bill comes in higher than they expected - often the case in Arizona during the summer months - or when their car breaks down. Without access to short-term credit, many of these households must weigh incurring overdraft fees on their checking accounts that put them even further in the hole or face desperate decisions about healthcare, necessary repairs or childcare.