16 Jan Payday Lending
You’ve heard the catchy jingles on television for title loans. You’ve seen storefronts for pay day loans and pawn stores on every part in a few elements of city. But you don’t know much about the “payday lending” industry if you’re like many South Carolinians.
A number of our other South Carolinians, nevertheless, are t knowledgeable about predatory loans plus the harm they could cause.
In accordance with , predatory financing is “any lending training that imposes unjust or abusive loan terms for a debtor. It’s also any practice that convinces a debtor to simply accept terms that are unfair misleading, coercive, exploitative or unscrupulous actions for the loan that the debtor does not need, does not wish or can’t manage.”