South Carolina

Cash advance South Carolina are cash advances that are entered into by businesses that are governed by the laws of South Carolina. Cash advances are unsecured loans and lenders generally seek to set the account on bank draft to ensure payment obligations so South Carolina law requires that the lender must verify the consumer’s bank account before authorizing a cash advance for that customer.

Contracts for cash advances in South Carolina do require that the borrower, as well as the lender, sign a loan agreement that states the date of the loan, the financial lender, cash advance amount, and APR, which is the annual percertage rate, that determines the amount of charge the consumer will pay to borrow the cash advance.

In South Carolina, consumers can borrow up to $300 in cash advances for up to 31 days. Interest charged can not exceed $100 or 459% for a 2 week period. South Carolina does not allow extensions for payments and you are only allowed to have no more than 2 cash advance accounts open at the same time. If payments are returned, the lender can bill collection fees and NSF fees to your account, for which you are accountable for.