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Leader in payday advances makes their existence felt at Minnesota Capitol

Leader in payday advances makes their existence felt at Minnesota Capitol

— Richard Sennott, Celebrity Tribune file

By Ricardo Lopez , Celebrity Tribune 10, 2015 – 8:06 AM august

Brad Rixmann, leader of Burnsville-based Payday America, is a huge in the payday financing scene, running the biggest such company within the state. He is a significant player in Minnesota politics, having doled out almost $550,000 in state campaign contributions within the decade that is last.

As Rixmann’s efforts have cultivated, therefore has their company, aided by state legislation enabling him to charge triple-digit interest levels on loans that will get as much as $1,000. Their clients spend on average 277 per cent interest, often borrowing over over and over over over repeatedly against their next paycheck.

Rixmann, 50, first became familiar to Minnesotans given that real face of Pawn America, a string of pawn shops he were only available in the first 1990s. He has got starred in commercials that desire audiences to even bring in broken necklaces and solamente earrings for money trade.