SUBPRIME SWEEP.
| Position | NC TREND: Pulse: News and insights |
Many rural North Carolina counties are heavy consumers of payday and car title lending ("Shark Attack, " Page 66) due to their high percentage of subprime borrowers, according to the Center for Responsible Lending. About 31% of North Carolinians have credit rated subprime, but the average is 40% or more in 13 mostly rural counties.
PERCENTAGE OF POPULATION WITH RANK COUNTY SUBPRIME CREDIT 1 Scotland 43.7% 2 Robeson 43.4 3 Hoke 43.0 4 Edgecombe...
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