Legal Question in Consumer Law in North Carolina

As long as they follow the NC rules on interest, yes. They typically don't and charge interest of 200% or more. In those cases the interest in unenforceable. This doesn't mean they can't make a loan. It means they can't enforce it in Court, so they won't sue you....But do not go and take out a loan you know you won't pay back, that could be a criminal act.