|Location of Loan companies in Laredo: Sure enough, this graphic supports exactly what I saw!|
Earlier this morning, as I drove Eastbound on Chihuahua street, I couldn't help but once again notice just how thriving the "Poverty Industry" is in Laredo. The following businesses could all be found within a 3 block area near the Bartlett Street intersection:
A gold-buying business
About 7 or 8 loan or "finance" shops
At least one Pawn Shop
About 2 Tax preparation/refund advance (loan) places
A couple more Payday loan shops
and, in the event all these exploitative predatory businesses still don't manage to help people get out of their financial predicaments, there was at least one other business for those who find themselves resorting to more desperate measures:
A bail-bonding business just in case.
All of these are thriving so its clear that they are getting their fair share of "business". It's also no mystery why so many of these predatory enterprises are visited upon the South Side, albeit I've also seen them a bit farther North towards GucciLand. With their high visibility, the lure of patronizing such places is obviously too tempting to many Laredoans.
Some things I did not see in the same area: Health care facilities, literacy promoting agencies, employment /temporary staffing agencies, recreation/athletic centers nor a police-substation. No wonder there's a mounting movement against greed.