Not that this should surprise anyone at all. #PaydayLending is - TopicsExpress

Not that this should surprise anyone at all. #PaydayLending is #PredatoryLending. Plain and simple. In 2009, SC Appleseed worked with legislators to develop and adopt legislation reining in the payday lenders. The reforms included allowing only one loan at a time per borrower and establishing a database to enforce this provision. While this legislation has not solved all problems caused by payday lending, it takes significant steps towards eradicating the debt trap the industry relies on to profit. To learn more about regulations for payday lending and your rights when it comes to a predatory loan in #SouthCarolina, take a look at our brochure: appleseedlegaljusticecenter.files.wordpress/2013/04/payday-lending.pdf #talkpoverty #SC #debt

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