Payday loans help South Carolinians in need - Greenville News- Topic: I Need A Payday Loan But I Have Other Outstanding Loans
Thousands of South Carolinians face financial shortfalls every day — a mother in Greenville needs to pay for her child to see a doctor after a fall in the playground; a commission-based salesman in Myrtle Beach has a dip in income during a slow period and needs help paying the bills; a student in Columbia who works two jobs while going to school needs money for additional textbooks. But this short-term loan product, and its value to consumers, is often tarnished by critics who seek to take financial choices away from those who need them most — hard-working South Carolinians. But real “reforms” would allow the continued access to payday loans while addressing the problems confronted by the small number of customers who misuse our product and put themselves in financial jeopardy. It would be unfortunate — and consumers would suffer — if the Legislature ignores the clear demand for payday loans and overly restricts access to them or takes them away altogether. Learn more
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