PayDay Lending and also the Law : understand your rights before switching that look at money

PayDay Lending and also the Law : understand your rights before switching that look at money

Who’re “payday lenders”?

“Payday lenders” loan money for the fee whenever you compose them a individual check, as well as the loan provider guarantees to not deposit your check from 14 to 31 times. The check you compose for them shall be when it comes to quantity lent and the cost.

Say I Want $100. Just how can a payday lender charge me to borrow?

What the law states in South Carolina claims that payday lenders can simply charge you as much as $15 per $100. Reade More