Mississippi Payday Loan Store Robbed by Gunman

Wednesday, January 30th, 2013 By

Jackson cash advance store latest victim

storePayday loan stores are common targets for robberies in the United States. Businesses that give out cash advances and payday loans are becoming targets more frequently as criminals are becoming wise to the fact that they keep large amounts of cash on hand.

The latest report of a payday loan store robbery comes out of Jackson, Mississippi. MLive.com reports all the details of the recent robbery:

A man carrying a handgun robbed Allied Cash Advance, 1194 N. West Ave., around 12:30 p.m. Tuesday.
The Jackson Police Department said the man fled the store in an unknown direction with an undisclosed amount of money.

Police attempted to set up a perimeter and to track the suspect with the K-9 unit, but were unsuccessful.
No employees of the payday loan business were injured.
The suspect is described as white, approximately 5 feet 6 inches tall, 180 pounds and wearing a dark blue windbreaker jacket, black shirt, black pants and black baseball hat.
Anyone with information is asked to contact Jackson police at 788-4100 or the TIP line at 787-0212.

More payday loan store robberies

June has been a  popular month for payday loan store robberies. June 11 a payday loan store in South Carolina was the target. Two men walked into a Quick Cash Advance in Longs that day and robbed it at gunpoint, according to Horry County Police.

The store at 3373 Hwy. 9 was hit shortly before 2 p.m. on June 11. Witnesses said two men, one of whom was armed with a handgun, entered the store and demanded money from the clerk. The suspects fled with an undisclosed amount of cash. That’s usually how payday loan store robberies go. However, just a few days before the South Carolina robbery, a robbery in California took an unusual turn.

Lake Forest, California

That’s where this whole episode went down: Lake Forest in Orange County, California, at a store called PayDay Loan. The robber, in traditional robber style, entered the building, pointed the gun and demanded the money.

Only the store had a silent alarm system, and the cops were on their way. This is where the story gets interesting.

Wrong place, wrong time

The police arrived just as the robber was leaving, and rather than surrender to the inevitable, he decided to involve an innocent bystander. He grabbed a 61-year-old male customer, forced him into his SUV at gunpoint and sped off with the man and the cash.

Police followed, and the robber proceeded to lead the police on a high-speed chase that at times reached speeds of 120 mph. Schools were put on lockdown, as police and suspects sped from on the freeway and around Laguna Hills and Laguna Niguel. The chase lasted about three miles.

Under arrest

Of course, the chase had to end some time. When it did, the police freed the unharmed hostage and arrested the suspect. They recovered the cash, they took the gun and they continued with the business of keeping Orange County safe.

The moral of this story is that payday loan stores and any other frequently targeted establishment should definitely invest in one of those silent alarm systems. Payday loan stores often get targeted by robbers because they keep a large amount of cash on hand. Anything you can do to get police officers on the scene before the robber is off the scene will help deter future criminals from endangering employees and customers again.

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This post has one comment

  1. SarahT55 says:

    Well, I have already heard about such cases of payday lending store's robbery. In fact, a lot of people consider payday lenders to be frauds, though, often they become victims due to the fact that a number of consumers just take cash advances and don't repay them back cheating the companies. Besides, the government tries to push the lenders out of business, however, many customers still use payday loans in case of emergency and consider them useful enough. Actually, I think that it's up to consumers to decide whether to apply for these fast cash advances or not.

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