Let's CAp The RaTes

Predatory lenders are on the loose in SC, and YOU can stop them. Charging up to 395% interest on payday and auto title loans; It’s wrong for consumers, it’s wrong for South Carolina. 

For years, people all across South Carolina have been harmed by high-cost, predatory loans. Some South Carolinians have been targeted, including low-income families and people of color. They have entered inescapable debt traps because of predatory practices by alternative lending companies such as payday, car title, and consumer installment lenders. With interest rates and fees soaring to levels of 395% and lenders draining more than $245 million dollars a year from our state economy, it’s time to address this issue and put a STOP to predatory lending.