Drug addict agrees to pay 96 percent interest on loan to be able to use cash to buy methBy Mason White 12:53 PM May 27, 2016
By: Wayne Morin
A man was arrested on a charge of drug possession after allegedly trying to take out a loan in order to fuel his drug addiction, according to police in South Carolina.
Spartanburg police said that they have arrested 58-year-old Grady Carson, after being accused of telling a loan officer that he was willing to pay 96 percent interest on a loan in order to be able to buy meth.
Carson was charged with one count of drug possession. He was booked into the Spartanburg County Jail.
According to the police investigation, Carson contacted Carolina Title Loans, and asked for a loan secured by his vehicle.
The company charges an interest rate of at least 96 percent.
An employee called the police when Carson said that he needed the money to buy meth.
When officers arrived, they searched Carson, who had a glass container with a whitish stone like substance inside. Carson admitted that it was cocaine, but claimed he would not smoke it because he only likes meth.