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You can get a loan for a maximum amount of $300 and the maximum term for a payday loan is thirty-one days in South Carolina. Rollovers are not permitted. North Carolina, which is South Carolina’s sister state, has been strongly affected by the payday lending industry in South Carolina. Even though citizens of North Carolina cannot get payday.
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Ken Compton, president and CEO of Spartanburg-based payday lender Advance America Inc., is the subject. as consumers who apply for the short-term loans must have a job in order to qualify..
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