South Carolina Payday Loans

There are several laws in place to protect consumers and operators of cash advance businesses in the state of South Carolina. The most important is that all payday lenders must be licensed with the state. They must also clearly display all of the fees associated with cash advances in the office. The bank account of the borrower must also be verified before any contracts are signed. In the actual agreement, lenders are required to list the date of the transaction, full name of the lender, amount of the principal and the total charges displayed as an annual percentage rate and a dollar amount. If a check is returned for non-sufficient funds, a closed account or a stop payment, lenders in South Carolina, such as those in Columbia, are able to take criminal and civil action against the borrower.

Maximum Principal

The most a borrower can take out in payday loans is $300.

Length of Loan

Loan terms cannot exceed 31 days.


This state prohibits all rollovers and extensions of cash advances.


Cash advance businesses can charge a one-time fee of up to 15 percent based on principal. Collection fees in the amount of $10 are allowed for non-sufficient funds.


The annual percentage rate for a two-week loan of $100 is 459 percent.

Cash Loan CO
202 North Pleasantburg Drive # D
Greenville, SC 29607
Check Into Cash
708 South Pleasantburg Drive
Greenville, SC 29607
Cash America Pawn
308 South Pleasantburg Drive
Greenville, SC 29607
CheckAdvance Center
1013B N Pleasantburg Dr
Greenville, SC 29607
Check'n Go
3601 East North Street
Greenville, SC 29615
Cash America Pawn
2516 East North Street
Greenville, SC 29615
Security Finance
24 W Washington St
Greenville, SC 29601
1400 Laurens Road
Greenville, SC 29607
Check Advance
Augusta Street
Greenville, SC 29601
Americash Loans
3280 N Pleasantburg Dr
Greenville, SC 29615

South Carolina Loan Statistics

Pay Schedule
Average Loan Average Age Weekly Bi-Weekly Monthly Twice Per Month Home Owner Renter