MLGW trying to end bill repayment relationship with payday financing firm

MLGW trying to end bill repayment relationship with payday financing firm

MEMPHIS, Tenn. (WMC) – Memphis Light, Gas and Water officials told Memphis City Council people they are re-evaluating which third-party businesses are authorized to accept their payments tuesday.

A study by The Commercial Appeal the other day unveiled payday loan providers had been one of many organizations offered concern to simply take MLGW repayments. MLGW President and CEO JT younger stated Tuesday the insurance policy is changing.

“everything we wish to make certain is the fact that we are promoting anything that would be adverse for our customers,” said Young that we don’t give the perception.

Younger stated the utility’s had a program that is third-party spot since 2016 allowing customers to cover bills at 93 authorized pay agents in the region. The contract with a St. Louis-area merchant permits energy repayments to create on consumer records the next working day.

Approximately 7% of MLGW clients spend through these pay that is authorized, younger stated.

Kroger has 40 areas across Shelby County where it takes payments, but lender that is payday money Express will come in next, with 30 places. Read more of this post