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COLUMBIA. an industry whose loans’ annual interest rates can exceed 400%. "Payday lenders make it easy for consumers to get trapped in predatory debt," said Teresa Arnold, legislative director for the seniors’ lobby AARP in.
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COLUMBIA. research director for South Carolina Fair Share, a group advocating for the state’s poor. "As it’s drafted, it’s woefully inadequate," Ruoff said. "All it really does is limit a payday lender to one loan at time. And it raises.
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Dec 22, 2010. COLUMBIA — A South Carolina law barring people from taking out more than one payday loan at a time has led borrowers to seek other loans that advocates for the poor also call predatory. Often those loans are made by the same companies operating under different licenses. Those alternatives include.
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COLUMBIA — House leaders said the latest payday lending. Nearly 128,000 people took out more than 1 million payday loans in South Carolina last year, totaling $402 million. Borrowers collectively paid $60.4 million in fees,
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COLUMBIA, S.C. (AP) – House leaders say the latest payday. Nearly 128,000 people took out more than 1 million payday loans in South Carolina last year, totaling $402 million. Borrowers collectively paid $60.4 million in fees,
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COLUMBIA, S.C. (AP) — A new report shows that nearly 128,000 people took out more than 1 million payday loans in South Carolina last year. The chairman of the House Labor Commerce and Industry Committee says the report.