New Mexico has one of the most struggling economies in America. The state is faced with one of the highest unemployment rates, this is causing many to use services like payday loans, which is so sad to see! Payday loans is a last resort, a dead end! Federal Deposit Insurance data shows the percentage of “underbanked” New Mexico households is growing. ABQ Journal Story Here This is something we do not want to see increase in our state.
The rich rules over the poor, and the borrower is the slave of the lend
He said other states in the Four Corners region have lower unemployment rates than New Mexico, with Colorado and Utah below four percent