Cash Pay Advance

SPARTANBURG — A state lawmaker who is suing payday lenders on behalf of clients that include an Horry County couple says now he wants to pass legislation that would ban the industry in South Carolina. But, a spokesman for industry leader Advance America Cash Advance Centers, based in Spartanburg, said Hawkins’ dual roles in the Statehouse and in the lawsuit present an “interesting dilemma. In August, Hawkins filed a lawsuit against payday lenders on behalf of an Horry County couple, Mark and Rebecca Morgan, claiming payday lenders attract borrowers to “unconscionable loans” and trap them in an endless cycle of trying to repay the loans. Robert Ford, D-Charleston, introduced a bill last session to ban payday loans here, but Hawkins pushed a compromise effort that instead put several restrictions on the businesses aimed at preventing customers from taking out multiple loans or taking out new loans to pay off old ones. Find Out More

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