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March 13, 2006

Payday cash loan - from North Carolina to South Carolina

Payday cash loans in North Carolina has come under scrutiny in the past, but now the laws regulating payday cash loan industry became so tough, many more are moving just south - to South Carolina, where payday loan regulations are not too stringent.
Payday cash loan companies from Georgia also moving to South Carolina. Now there are 1,100 stores there, 6 time as many as McDonald's. South Carolina allows annualized interest rate up to 391 percent and every payday cash loan company takes full advantage of this, lending total 4.4 million loans for $150 million in fees - and that in the 12 months ending August 2004. Should McDonald's owners open a little payday cash loan stand inside?

Posted in Payday Loans at March 13, 2006 12:18 PM

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