Tennessee a National Leader in Predatory Lending

DebtHammer is out with a report naming the top places in the country for legalized loan sharking, and Memphis, TN is number one in America. Also making the Top 10 are Nashville and Chattanooga. Tennessee is truly a national leader in creating a welcoming climate for payday predators and the only state with multiple cities in the top 10. DebtHammer also notes Tennessee is the only state where someone can get a payday loan and place a bet under the same roof.

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Andy Spears

Andy Spears

1.1K Followers

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .