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Payday Loan Businesses in Scottsbluff Closing | KTIC Radio

Payday Loan Businesses in Scottsbluff Closing

Payday Loan Businesses in Scottsbluff Closing
MGN Online Graphic / A McLin/ Flickr/ CC BY 2.0

Over the past few months, two Payday Loan businesses in Scottsbluff- Check N Go and Advance America- have closed their doors.

The move comes shortly after Nebraska voters overwhelmingly supported a November ballot measure that capped their APR rates to 36%.

KNEB.tv’s Ryan Murphy caught up with Platte Valley Bank’s Executive Vice President Zac Karpf last week in a three part series to go in depth on what these loans were all about, why they were targeted, and what people who relied on those pay day loans can do now that those options are dissipating.

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