People love, hate payday lending industry

Frank Sinkovich is proud to be a payday lender.

He figures the loans from his Boardman business help people keep their electricity turned on or pay a bill without bouncing a check.

“We’re a service for people who have a temporary need and no one else to turn to,” said Sinkovich, manager of Abe’s Cash Advance, 4605 Market St.

But some people are working to turn off the cash that flows freely from businesses such as Abe’s. Borrowers now can receive two-week loans of up to $800 simply by having an income and a checking account.

For more on this story, see Friday’s Vindicator or vindy.com.