Borrowing money has not been easy for the payday and auto title lenders operating in San Antonio in recent years.
As a result, some of these lenders are closing deals and in some cases dropping out of short-term lending altogether. Figures from the city show that there has been a net loss of more than 60 payday and auto title rental businesses since early 2013. And with the recent disclosure by Austin-based EZCorp. and some smaller lenders, who are also withdrawing them, the net decline will exceed 100 deals. That would correspond to a decrease of more than 40 percent in 2½ years.