Hope For Financially Challenged Since 2007

84% Clients satisfied
In the last 7 years

Watch 375 live reviews
Know why people trust us

Satisfaction Guarantee
No Result Refund Policy

We follow FTC
Since we care for you

Payday loan laws in South Carolina

  • Status: Legal (S.C. Code §§ 34-39-110 et seq.)
For Lenders

Lending specifications:

  • Maximum loan amount: $550
  • Loan tenure: 31 days
  • Fees and finance charges: 15% of principal
  • Finance charge on a 14-day $100 loan: $15
  • APR on 14-day $100 loan: 390%

Collection restrictions:

  • Collection fees: NSF fee of $10 or actual charge (the lesser one)
  • Criminal procedures: Prohibited
For Borrowers

Debt limits:

  • Maximum no. of outstanding loans at a time: Not Specified
  • Rollovers allowed: None

Complaint cell:

  • Regulator: South Carolina State Board of Financial Institutions
  • Address: Consumer Finance Division, 3rd Floor, Edgar Brown Building, 1205 Pendleton St., Columbia, SC 29201
  • Phone: 803-734-2020
  • Fax: 803 734-2025
  • Regulatory contact: Jim Copeland, Assistant Commissioner of Consumer Finance
  • Website: http://www.bofi.sc.gov/Pages/ConsumerFinance.aspx
  • File complaint: http://www.consumer.sc.gov/consumer/
    ComplaintInstructions/Pages/default.aspx



Latest Articles

    April law update: Paid leaves for new parents and highest minimum wage in CA

    1. Religious freedom bill This bill permits businesses to deny services to gay couples on the basis of religious beliefs. The governor of Mississippi has signed this bill amidst fierce opposition from various companies and equal right groups. The governor had this to say in favor of the ...

    View more »
    Latest answers

    Why did I receive the Premium Tax Credit letter from the IRS ...

    I am from Mississippi. I have received a Premium Tax Credit letter. Can you tell me why I have received this letter? What steps should I take now ...

    View more »
    Latest from blog

    Last-minute financial moves you must make in this tax season

    File a new W-4 form for a better return on investment. Book your air tickets to keep your expenses down on your summer travel plans. Check how your budget performed in the first quarter of 2016. Change it if necessary. Use your extra money to reduce your credit card debts and ...

    View more »


    The services of Oak View Law Group (OVLG) and its affiliates may not be available in all states. OVLG along with its Of Counsel attorneys may also be referred to as "Oak View Law Group", "we", "us" or "the firms".
    Copyright © 2015 Oak View Law Group
    Contact us at:-
    Oak View Law Group APC,
    4966 El Camino Real STE 225
    , Los Altos, CA 94022, United States

    Disclaimer: The contents of this web site are not intended to establish an attorney-client relationship, provide the reader with legal advice, or substitute for legal advice from an attorney.
    • The debt settlement program typically lasts between 6 months to 4 years time.
    • At least 30% of the debt amount per creditor needs to be accumulated in the trust account for OVLG to give the creditor any settlement offer.
    • Not all creditors or debt collectors will accept a reduction in the balance, interest rate, or fees a customer owes such creditor or debt collector.
    • Pending completion of the represented debt-relief services, the customer's creditors or debt collectors may pursue collection efforts, including initiation of lawsuits.
    • That the use of the debt-relief service will likely adversely affect the consumer's creditworthiness, may result in consumers being sued by their creditors, and may increase the amount owed to creditors as a result of the accrual of additional fees and interest.
    • Savings a customer realizes from use of a debt-relief service may be taxable income.

    Report scams to OVLG
    Chat Live!