You’ve heard the catchy jingles on television for title loans. You have seen storefronts for pay day loans and pawn stores on every corner in some components of city. But if you are like numerous South Carolinians, that you do not understand much in regards to the вЂњpayday lendingвЂќ industry.
A few of our other South Carolinians, but, are too knowledgeable about predatory loans therefore the damage they are able to cause.
In accordance with financial obligation , predatory financing is вЂњany lending training that imposes unjust or abusive loan terms for a debtor.