South Carolina Governor: Payday Loans, Cash Advances Here to Stay
Despite a meeting held last week on payday loan awareness in the area, it doesn't appear as though much will change on that front on South Carolina.
News About the Ever-Changing Payday Advance Industry
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Despite a meeting held last week on payday loan awareness in the area, it doesn't appear as though much will change on that front on South Carolina.
In a match-up of payday loans versus Big Macs, the financial resources dominate the fat-laden entrees across South Carolina.
NOTE: Below is a letter we received, via e-mail, from a resident of South Carolina who was recently spurned by a payday loan company. He believes he was the victim of false advertising, and wants to have his opinion heard.
Need cash groceries, but can't pay right now?
At least one city in South Carolina has gone from trying to regulate payday loans to actually doing something about the cash advance issue.
As the popularity of faxless payday loans increases in South Carolina, more and more consumer groups are taking action against these cash advances.
As various states are urged to fight back against cash loans, these cash advances remain popular in a number of areas around the country. The following is a breakdown of payday loan activity across certain states (based on 2004 data):