North Carolina Update

As of March 11 there will be no companies no known companies providing payday loans in the state of North Carolina. The check cashing association for the state says that people will still have the need for extra cash before payday and the ramifications on the consumer will not be positive. The Attorney general said that although the loans have been haulted, in the future a product could be considered that charges are more reasonable interest rate. It looks to me that you will see more people in North Carolina turning to the Internet for payday loans instead of going to local stores. The consumer once again ends up losing.