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Military says cash advance providers in Georgia damaging to troops which can be young

Military says cash advance providers in Georgia damaging to troops which can be young

Military says pay day loan providers in Georgia damaging to troops which can be young

The army 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 costs that will end in financial tragedy.

At a legislative hearing on the problem, Capt. John Cohoon, commanding officer about the Kings Bay submarine base, stated pay day loan providers line the road for their base simply because they think of young sailors and Marines ripe objectives when it comes to short-term loans which pack an interest-rate wallop.