South Carolina

Legal Status



S.C. Code §§ 34-39

Loan Terms

Maximum Loan Amount: 500

Loan Term: 31

APR for 14-day $100 Loan: 0%

Debt Limits

Maximum Number of Outstanding Loans at One Time: 1, as a lender may not lend to someone with an outstanding loan. S.C. Code Ann. § 34-39-270

Rollovers Permitted: No. S.C. Code Ann. § 34-39-180

Cooling-off Period: every loan after 8 has a one business day waiting period. S.C.Code Ann. § 34-39-270

Repayment Plan: Once per 12 months the lendee must elect to enter into an extended payment plan. This allows the lendee to make 4 equal payments without any additional interest.

Collection Limits

Collection Fees: Silent

Criminal Action: Prohibited, civil action only. S.C. Code Ann. § 34-39-180