A South Carolina man was arrested yesterday after applying for a loan so that he could purchase methamphetamine, investigators allege.

According to a police report, Grady Carson, 58, went to a Carolina Title Loans office in Spartanburg to secure a loan against his automobile. According to its web site, the loan company provides “fast cash to deal with an unexpected expense” and charges interest rates that begin at 96 percent.

A Carolina Title Loans employee told cops that Carson--who was pacing as he filled out paperwork--told her he "needed the money to purchase meth."

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