South Carolina State Payday Loan Laws

By Shawn Martin

South Carolina State Flag
South Carolina State Flag

South Carolina State Payday Loan Laws are again like many other states that have authorized these companies to do business. They are legal and they are dangerous.

South Carolina allows payday loans up to 31 days and has no limits on how many loans you may take out at once or how many times you may roll over a payday loan.

This can lead to huge debt and hopeless amounts of interest.

Interest charges of 15% of the face amount of the check added with all the fees to take out one of these loans leads to incredibly high APR rates. A 14 day $100.00 payday loan will cost you an APR of 459%.

This state does have a loan cap of $300.00 per loan, but with allowing more than one loan at a time really negates any protection this brings.

You can find yourself borrowing money to cover borrowed money, and this is a very dangerous practice which leads to the payday loan trap of huge debt.

The only way to be safe is to avoid these services at all costs!

If you do end up having to use them borrow only what you need and can afford to pay off in full on the first due date. This is the only way to use these companies services. Anything else will cost you dearly.

We can help!


If you have found yourself in trouble in South Carolina with too much payday loan debt, and many people have, we can help you.

Check out our Payday loan repayment plan and fill out a free no obligation quote to see how we can help restore some sanity in your life. We can stop the high-interest rates, the phone calls, and the legal action.

I hope this information helps you become more aware of how these companies work and why you should avoid them.                                                

4 thoughts on “South Carolina State Payday Loan Laws”

  1. Every time I see these commercials I can only picture desperate getting more in debt with every visit and they think it is going to help…they have no idea of what hell they are about to enter….

  2. So no limits on how many payday loans a person can take out? Makes a person want to move to South Carolina, doesn’t it? NOT! Great to see you are still getting this out there, Shawn.

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