When in Doubt go to South Carolina

That’s what people in North Carolina are doing every since they got rid of the last payday loan lenders in the state. People in the state are traveling right to the border for all their payday loan needs. The amount of stores along the border has been doubling and people throughout the state of North Carolina just prove that payday loans are a necessity. South Carolina currently has laws in place which limits cash advance fees to $15 per $100 borrowed. This is an interest rate of 391 percent however we are talking about a loan of $500 not $50000.