payday advance loans

BIG TALE a lot of money being made down earners that are low-income S.C.

Picture by Tabor Andrew Bain, via Flickr.

By Lindsay Street, Statehouse correspondent | Nearly a quarter billion dollars in fees were levied against a few of the state’s lowest income earners in 2018 while they took away high-interest loans of significantly less than $1,000, based on an innovative new report.

In April, the middle for Responsible Lending issued a state-by-state appearance at charges created from short-term, low quantity loans that may charge triple digit interest levels lent against a vehicle name or a future paycheck.