{"id":10330,"date":"2008-12-24T18:28:05","date_gmt":"2008-12-24T18:28:05","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/more_in_middle_class_using_payday_lenders\/"},"modified":"2008-12-24T18:28:05","modified_gmt":"2008-12-24T18:28:05","slug":"more_in_middle_class_using_payday_lenders","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=10330","title":{"rendered":"More in middle class using payday lenders"},"content":{"rendered":"<p>With its quaint downtown and tree-lined streets, 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.<\/p>\n<p>But this is where W. Allan Jones founded Check Into Cash, the granddaddy of modern payday lenders, which cater to millions of financially strapped working people with short-term loans &#8212; at annualized interest rates of 459%.<\/p>\n<p>&#8220;It&#8217;s the craziest business,&#8221; said Jones, 55, a genial homegrown tycoon who founded his privately held company in 1993. &#8220;Consumers love us, but consumer groups hate us.&#8221;<\/p>\n<p><a href=\"http:\/\/www.latimes.com\/business\/la-fi-payday24-2008dec24,0,3268869,print.story\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With its quaint downtown and tree-lined streets, 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. But this is where W. Allan Jones founded Check Into<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=10330\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,593,596],"tags":[],"class_list":["post-10330","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-personal-finance","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10330"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10330\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}