"Storefront lenders" refers to financial institutions or lenders that have physical brick-and-mortar locations, typically found on high streets or in shopping centers, where people can visit to apply for loans or other financial services.
Full definition
Pew's survey found 5.5 percent of adults nationwide have used a payday loan in the past five years, with three - quarters of borrowers
using storefront lenders and almost one - quarter borrowing online.
Storefront lenders engage in some of the same tactics, but online lenders» transgressions seem to be more egregious and more frequent.
Many storefront lenders require their applicants to fill out a postdated check for the amount of the loan plus the estimated interest.
iTax Advance online offers alternatives to traditional bank loans,
storefront lenders or tax preparation services.
First Liberty Loans online offers alternatives to traditional bank loans and other online or
storefront lenders.
Americash Advanced offers alternatives to traditional bank loans and other online or
storefront lenders.
Banks, credit unions, and
storefront lenders are not direct lenders.
123 Cash Credit online offers alternatives to traditional bank loans and other online or
storefront lenders.
In the states where short - term loans are allowed, you can find
both storefront lenders as well as online lenders.