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--> June 28, 2006 Payday loans: A growing Industry Fifteen years ago the Payday Loan industry did not even exist. If any other industry grows at the pace in which the cash advance industry has, it would have been a cause of celebration. However, the growth of the payday loan industry has been a cause for concern for the lower middle class and the legislative personnel who need to control the lending practices of payday loan services across the US. These fringe establishments have cropped up in every nook and corner, as common as your grocery store just down the lane. The only problem is that these services tend to entrap borrowers in a cycle of debt which is difficult to get rid of. Avoid a similar fate. ItGÇÖs a shame when an industry thrives and prospers on the poverty of people and needy times. Within no time these small payday loan stores have moved into small neighborhoods preying on the innocent residents to suck away every single penny until they are bankrupt. Payday compa...