South Carolina Payday Loan Panel Planned
By Paul RizzoPayday Loan Writer
The South Carolina Department of Consumer Affairs (SCDCA) presents “Payday Lending, Title Lending And Mortgage Scams” on Tuesday as part of its monthly After Hours series.
The seminar will feature a panel of experts on credit counseling, payday cash loan lenders, and more in order to inform consumers about predatory lending risks and protection. The seminar will be held from 5:45 p.m. – 6:45 p.m. on the second floor of the South Carolina Department of Consumer Affairs located at 3600 Forest Drive in Columbia.
This After Hours program is part of an effort by SCDCA during National Consumer Protection Month to inform consumers about threats to personal finances. Many people consider cash advances to be counted among these.
Specifically, panelists will cover risks associated with mortgages, payday lending and title lending. Officials say victims of predatory lending often agree to high-risk loans, paycheck advances, or use a title as collateral to obtain short-term cash loans, which put the consumer in a worse financial position than when the loan was sought.
