Consumers Need Protection From Predatory Lenders!
Predatory lenders are on the loose in SC and YOU can stop them. Supervised Lenders are charging up to 950% interest and fees on consumer loans. It’s wrong for consumers, it’s wrong for South Carolina.
For years, people all across South Carolina have been harmed by high-cost, predatory loans. Some South Carolinians have been targeted, including low-income families, the elderly, and people of color. They have entered inescapable debt traps because of predatory practices by payday, auto title, and high-cost consumer installment lenders. With exorbitant interest rates and fees, high-cost lenders are draining more than $245 million dollars a year from our state economy. It’s time to address this issue and put a STOP to predatory lending!
Consumers Need Protection From Predatory Lenders!
Predatory lenders are on the loose in SC and YOU can stop them. Supervised Lenders are charging up to 950% interest and fees on consumer loans. It’s wrong for consumers, it’s wrong for South Carolina.
For years, people all across South Carolina have been harmed by high-cost, predatory loans. Some South Carolinians have been targeted, including low-income families, the elderly, and people of color. They have entered inescapable debt traps because of predatory practices by payday, auto title, and high-cost consumer installment lenders. With exorbitant interest rates and fees, high-cost lenders are draining more than $245 million dollars a year from our state economy. It’s time to address this issue and put a STOP to predatory lending!