Military says pay day loan providers in Georgia damaging to troops which are young
Military says pay day loan providers in Georgia damaging to troops being young
The armed forces warned Wednesday that the cash that is unlawful industry in Georgia is preying on young sailors and soldiers, endangering their morale and combat readiness by giving prepared money at high rates which will bring about financial tragedy.
At a hearing that is legislative the situation, Capt. John Cohoon, commanding officer in connection with Kings Bay submarine base, stated pay day loan providers line the road with their base because they consider young sailors and Marines ripe goals for the short-term loans which pack an interest-rate wallop.…