South Carolina

If you are out of money and your next paycheck is days away, a cash advance South Carolina from a payday lender may be the answer to your problem. Payday lending companies make loans to those in need of cash. Loans have to be repaid in approximately two weeks. The companies generally do not do credit checks, but they require some documentation before making a loan. They usually ask for identification, your most recent check stub and a bank statement.

When you apply for a loan, lenders are required to check a statewide database to be sure you do not have a loan with another lender because you can only have one payday loan at a time in South Carolina.

The businesses loan up to $550, the maximum amount allowed by South Carolina laws. Depending on the amount of your monthly pay, you may be eligible for the entire $550, but be aware that you will have to pay 15% interest on the money you borrow.

If you cannot pay the loan at the time it is due, the lender will have to convert it to a longer term loan. State laws prevent lenders from offering you another loan to cover the money you owe.