South Carolina Payday Loans

South Carolina payday loans enjoy a legal status. There are financial institutions which specifically deal in payday loans. These financial institutions are mostly companies, authorized by the state law to provide payday loans. South Carolina payday loans have specific legislative in place. This authority is under a license.

If you are dealing with a reputable company, it can offer you an amount up to $550. If any company offers you more than $550, you should be wary. The fees these lenders can charge from you are 15% of the face amount of the loan. You may take out a payday loan for a maximum time period of 31 days. If you borrow $100 for 14days, the interest rate on this will be 15% of the amount. The fee, however, has to be one time and no other deductions should be made.

South Carolina payday loans law specifically prohibits rollovers. Rolling over a loan would mean paying the fees again, having not paid the principal amount. As a matter of fact, the state’s scheme is borrower friendly. It aims at preventing its borrowers from unscrupulous lenders to charge any interest rate of their choice. The state of South Carolina requires its lenders to display on a conspicuous place a notice comprising the fees it charges.

South Carolina Payday Loans: Laws & Regulations

south carolina payday loans

The South Carolina payday loans lender is required to verify the client’s bank account before issuing a payday loan. The state requires both the South Carolina payday loans lender and the borrower to enter into an agreement. The loan agreement must be duly signed. It should provide for the transaction date, the amount that has been loaned, name of the lender, the APR the lender will charge in dollars. The state allows the South Carolina payday loans lenders to bring any legal action against the borrowers in the event of loan check getting returned because of stop payment or bank account getting closed or insufficiency of funds. South Carolina payday loans stipulations allow the lender to charge less than $10 as an NSF fee.

Express Check Advance

This South Carolina payday loans provider specializes in providing payday loans. They claim to provide easy fast and strictly confidential services. They have been serving since last 15 years and claim their services to be best in industry. They require you to fill a simple form and ask very basic things such as your income verification, checking account statement, and photo identification. You can make use of their services by personally visiting their local branch at a location that’s convenient for you. Give them a call at 803-743-0034 or visit their website at www.ecallc.com.

Approved Cash Advance

This South Carolina payday loans company offers variety of services such as title loans, cash advances, tax preparation, and tax refund application loans. This lender claims to provide better and more cost effective alternative to outrageous bank fees for dishonored checks or the high cost of using credit cards. All you have to do is fill an easy form which you can get by personally visiting their branch and provide them with basic information about you. If interested in making use of their South Carolina payday loans services you can visit their local branch nearest you. Give them a call at 803-333-0959 or visit their website at www.approvedcashadvance.com.

Check Into Cash Advance Centers

This South Carolina payday loans lender offers a wide arrangement of financial products and services. This includes wire transfer, paying bills, and loans services from personal to title and auto loans. They are into check cashing also and provide payday loans as well. They claim themselves to be a one stop money shop. You can either visit their branch office close to you or apply online. They provide you cash in a short span of time in your emergency. You just have to provide them with some very basic information about yourself. Give them a call at 803-731-5180 or visit their website at www.checkintocash.com.

This page functions best as a social community. If you’ve had a good or a bad experience with a specific South Carolina payday loans company, please share it with the rest of us so we can all benefit from the information. Also, if you have any questions about South Carolina payday loans, you can ask them here, and either one of our staff or another visitor will answer it the same day.

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