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Quick Payday Loans Up To $5,000

South Carolina Payday Loans Online

Joyce Marter
Joyce Marter

Joyce Marter is a licensed psychotherapist with 25 years of experience and entrepreneur who founded and successfully sold Urban Balance, a national outpatient mental health company in the U.S. Marter is an adjunct professor at Northwestern University, international speaker, blogger for Psychology Today and mental health thought-leader specializing in the psychology of money.

If you live in South Carolina and need some fast cash to cover some additional expenses, look no more. You can apply for a payday loan online and solve your current lack of cash. It is accessible and fast, so go for it.

South Carolina Law – Is Payday Loan Legal?

Payday loans have been legal in South Carolina since 2009. They are referred to as deferred presentment services. However, the law regulates payday loans in South Carolina, and both parties, the lender and the borrower, are obliged to follow them:

  • The borrowed amount is up to $550, and the borrower should maintain only one loan at a time.
  • The lenders should use the online borrower’s database whenever they approve a loan.
  • Lending companies should be licensed by the State Board of Financial Institutions in South Carolina before operating.
  • Both parties should sign a detailed contract that contains the client’s details, date of approval, loan amounts, interest rates, and other charges.
  • The repayment period is up to 31 days for any payday loan.
  • If the borrower cannot repay the loan on time, the lender should offer an extended date for repayment.
  • 15% of charges are allowed for any licensed company.

Reasons to Apply for a Payday Loan

All of us faced a period in our lives when we had some additional expenses that we didn’t plan. If we do not have savings or can not borrow money anywhere, a payday loan is a proper solution. Plus, there are some benefits to getting a payday loan in South Carolina:

  1. The application process is fast and easy, and it takes from 15 minutes up to 24 hours. You can have the money even on the same day.
  2. A payday Loan is available almost everywhere in South Carolina. You can apply even online.
  3. You don’t have to worry about your credit score. Lenders in South Carolina approve loans, and it is not solemnly based on your credit history.

The Process of Applying for a Payday Loan in South Carolina

As for any kind of loan, you have to fulfill some of the requirements to get a payday loan in South Carolina:

  • You have to be at least 18 years old.
  • You have to provide a valid ID and be a resident of South Carolina.
  • You have to prove that you have a stable income.
  • You must possess an active bank account.
  • You have to provide contact information such as an active phone number and valid email address.


Although a payday loan is an excellent option when you need quick cash, you have to be aware that these kinds of loans involve high-interest rates and other charges. So you have to inform yourself and choose the lender carefully. This way, you will be aware of all the costs and your ability to repay them on time.

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