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The bill to redefine the climate in which short-term lenders operate in the state made it further than any bill of the kind since the Great Recession, but still not far enough.
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State Senate Bill 910 zeroes in on how installment lenders get and maintain their customers. Former lenders say its a lot of pressure.
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As State Senate Bill 910, aimed at protecting financially vulnerable people from predatory lending, courses through subcommittee, lawmakers crank up their scrutiny of the short-term lending industry with tough questions.
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A bill filed by State Sen. Tom Davis (R-Beaufort) forgoes the effort to set a rate cap in favor of outlawing marketing tactics used by installment lenders.
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Urban Institute broke out debt numbers focused on South Carolinians ages 18 to 24. They're not good.
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On Tuesday, the White House released state-by-state numbers of enrollees to the newly launched SAVE program for student loan borrowers. North Carolina, South Carolina, and Georgia borrowers have enrolled in a big way.
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Several nonprofits and agencies exist to help you navigate your way through debt and financing in South Carolina. And for free.
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South Carolina’s debt situation is bad. But all is not lost. In this episode of InDebted, we wrap up the series with a look at what some of South Carolina’s greatest thinkers, lawmakers, and lenders are doing to address the Palmetto State’s ecosystem of debt.
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RIP Medical Debt, a nonprofit based in New York, buys medical debt through donations, then wipes those debts clean. It's a solution rooted in its CEO's impatience with waiting for the system to fix itself.
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Debt is not just a poor person's plight. People with good credit and equity are like a buffet to lenders who want a piece of your wealth. And they have fantastically complicated contract language to distract you with.