Big bucks being made off low-income earners in S.C.

Big bucks being made off low-income earners in S.C.

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

In April, the middle for Responsible Lending issued a state-by-state appearance at fees created from short-term, low quantity loans that may charge triple digit rates of interest borrowed against a motor vehicle name or even a future paycheck. Continue reading “Big bucks being made off low-income earners in S.C.”