January 16, 2012 5:00 AM

Alternative arises as payday loan industry comes under scrutiny

Money’s tight out there. And the fast, easy credit that payday lenders offer is a tempting source of cash when you’re in a financial jam. But industry critics say that’s a debt trap. In response, a group of Kansas City churches, bankers, lawyers and nonprofit agencies has created what it hopes will be an alternative source of credit for those who need a small amount of cash for a short amount of time to pay bills, fix the car, even buy groceries.

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