On a recently available Saturday early morning, Sam Heredia, a 29-year-old producer for a Spanish language early morning radio show, stopped in at a Nix Check Cashing branch in Highland Park, a middle-class Mexican-American neighbor hood simply north of downtown l . a ..
Heredia had come for the Nix standard payday loan offer: a $400, 14-day loan, for $42.25. He published a check that is postdated the entire quantity and pocketed the money.
Heredia, who had been wearing sunglasses and a vivid red and soccer that is blue, stated in a job interview in the parking area which he required fast cash to assist remain current on bills. [Read more...]