James Wood
“It’s like everyone who drinks a glass of wine is not an alcoholic.”
Payday lender James Wood believes that blaming payday loan shops for borrowers who suffer financial hardship because they abuse payday loans is like blaming liquor shops for drinkers who struggle with alcoholism…
According to an article by Heidi Cenac, Wood’s average customer is a middle-aged, married woman who makes a little over $2,000 per month.
Wood said that he does not let borrowers take out more than three loans at any one time:
“What benefit would there be to make a loan to somebody that can’t pay it back?”
James Wood is the owner of Anderson Quick Cash Corporation.
Source: Demand Drives Growth of Payday Lending Locations by Heidi Cenac (Anderson Independent Mail)
In a similar quote posted last year, State Representative Jan P. Malik compared offering payday loans to selling liquor.
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