Payday loans in South Carolina

Legality of payday advance in South Carolina

Authorities inform that receiving a payday advance in South Carolina is a legit practice. To learn more details about legit payday loans in South Carolina, read the credit document S.C. Code §§ 34-39-110 et seq. It was indicated before that the max amount of a short-term loan is $550, and the borrowed sum should be paid back within 31 days. The creditor will charge a commission of 15% of principal.

How many payday loans can you have in South Carolina?

Residents can take no more than one payday loan in South Carolina. After receiving the funds, the person cannot take another loan simultaneously as long as he or she returns the money at a given location. That is since the credits are for a relatively short period and minor amounts.

Direct payday loan lenders in South Carolina

How can you apply for online payday loans in South Carolina?

The application procedure for online users is simple and straightforward. There are no papers you need to fill out. Individuals applying for an online payday advance in South Carolina should meet the listed requirements:

should be over 18 years old;

be a US citizen;

provide a phone number and email address;

have the regular income proof or required level of earnings;

have a bank account to which the platform will transfer funds;

have a valid ID document.