SC.GOV: The Official Web site of the State of South Carolina

AFTER HOURS PANEL TO DISCUSS PAYDAY LENDING, TITLE LENDING AND MORTGAGE SCAMS

Columbia, SC… …The South Carolina Department of Consumer Affairs (SCDCA) presents "Payday Lending, Title Lending And Mortgage Scams" Tuesday, February 27, 2007, as part of its monthly After Hours series.  The seminar will feature a panel of experts on credit counseling, lenders, and more in order to inform consumers about predatory lending risks and protection.  The seminar will be held from 5:45 p.m. - 6:45 p.m. on the second floor of the South Carolina Department of Consumer Affairs located at 3600 Forest Drive in Columbia.

This After Hours program is part of an effort by SCDCA during National Consumer Protection Month to inform consumers about threats to personal finances.  Specifically, panelists will cover risks associated with mortgages, payday lending and title lending. Victims of predatory lending often agree to high-risk loans, paycheck advances, or use a title as collateral to obtain short-term loans, which put the consumer in a worse financial position than when the loan was sought. 

For more information, contact the Public Information Division at 803.734.4190 or toll free in SC at 1.800.922.1594 or online at www.scconsumer.gov.