Payday Loans in Cross, South Carolina

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No payday loan companies in Cross, SC. Consider companies in other cities:

Company nameAddressZip codePhone number
EZ Cash Loans of SC, Inc. 6314 Calhoun Memorial Hwy, Easley, SC 29640 +1 (864) 855 - 0900
Lendmark Financial Services LLC 274 Robert Smalls Pkwy Suite 240, Beaufort, SC 29906 +1 (843) 593 - 0815
1st Franklin Financial 161 S Aiken Ln Suite 470, Aiken, SC 29803 +1 (803) 642 - 7180
Check Loans 2043 W Evans St, Florence, SC 29501 +1 (843) 679 - 3232
Check `n Go 8316 Rivers Ave Suite B, North Charleston, SC 29406 +1 (843) 553 - 8989
BB&T 975 By Pass, 123, Seneca, SC 29678 +1 (864) 885 - 5090
Advance America 7535-A Garners Ferry Rd., Columbia, SC 29209 +1 (803) 776 - 3397
Local Finance and Tax Service of Hampton, SC 110 Lee Ave, Hampton, SC 29924 +1 (803) 943 - 0030
1st Franklin Financial 325 Village Square Dr, Batesburg-Leesville, SC 29070 +1 (803) 532 - 7300
Floyd's Finance Co 195 S Converse St, Spartanburg, SC 29306 +1 (864) 585 - 5263

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cross, SC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Rock Hill, SC, Quick Loan in Spartanburg, SC, Payday Loans in Summerville, SC, Short-term Loans in Sumter, SC, Payday Loans in Aiken, SC, Online Loans in Charleston, SC, Emergency Loan in Columbia, SC and Payday Loans in Florence, SC. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Cross, SC.

Payday Loans Available in Cross, SC By The Following ZIP Codes:

29436

Are Payday Loans Legal In Cross, South Carolina?

Loan Rates and Fees, Laws and Regulations in South Carolina.

South Carolina Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)391
Maximum Loan Amount$550
Minimum Loan TermNot Specified
Maximum Loan Term31 days
Number of Rollovers Allowed0
Finance Charges15% of the amount advanced

Cross, SC payday loan calculator

Payday Loans in Cross, South Carolina: A Comprehensive Guide

Payday loans are a financial tool utilized by millions of Americans every year. These short-term loans are designed to provide quick access to cash when a financial emergency arises. While payday loans can be helpful in certain circumstances, they also carry risks and high fees. In this article, we’ll provide a comprehensive guide to payday loans in Cross, South Carolina, including the legality of payday loans, fees and interest rates, and alternatives to consider.

Are Payday Loans Legal in South Carolina?

Yes, payday loans are legal in South Carolina. However, there are restrictions on the amount of money that can be borrowed and the length of the loan term. The maximum loan amount is $550, and the length of the loan term can range from 14 to 31 days. Borrowers are not allowed to have more than one outstanding payday loan at a time, and lenders are required to disclose all fees and interest rates upfront.

Fees and Interest Rates

Payday loans in South Carolina come with high fees and interest rates. The maximum finance charge is 15% of the total amount borrowed, which means that a $100 loan would come with a finance charge of $15. In addition to the finance charge, lenders may also charge an administrative fee of up to $15 per $100 borrowed.

The annual percentage rate (APR) on payday loans in South Carolina can be as high as 390%. This means that a $100 loan with a 15% finance charge and a $15 administrative fee would have an APR of 460%. These high fees and interest rates make it difficult for borrowers to repay the loan on time, which can lead to a cycle of debt.

Alternatives to Payday Loans

There are several alternatives to payday loans that borrowers in Cross, South Carolina should consider. These alternatives include:

  • Credit union loans: Credit unions offer small dollar loans with lower interest rates and fees than payday lenders.
  • Personal loans: Personal loans from banks, credit unions, or online lenders can provide access to cash at lower interest rates than payday loans.
  • Credit card cash advance: While credit card cash advances come with high interest rates, they are still a cheaper option than payday loans.
  • Borrow from family or friends: Borrowing from family or friends can be a low-cost alternative to payday loans, but it’s important to have a plan for repayment.

Interesting Facts and Statistics

  • In South Carolina, the average payday loan is $378, and the average finance charge is $55.37.
  • According to a report from Pew Charitable Trusts, 12 million Americans use payday loans every year, spending an average of $520 in fees for an average of 5 months per year.
  • In South Carolina, payday lenders are not required to check a borrower’s ability to repay the loan before lending money.
  • A study by the Center for Responsible Lending found that the average payday borrower in South Carolina takes out 10 loans per year, spending 198 days in debt.

Apply Now

If you’re considering a payday loan in Cross, South Carolina, it’s important to understand the risks and alternatives available to you. To connect with potential lenders, fill out an online application on TheGuaranteedLoans website. As a connector service, TheGuaranteedLoans does not lend money directly, but we can connect you with potential lenders who may be able to offer you a loan that meets your needs. Remember to borrow responsibly and to only take out a loan if you can afford to repay it on time.

F.A.Q.

Are there any alternatives to payday loans in Cross, South Carolina?

Yes, there are other options for borrowers who need quick access to cash in Cross, South Carolina. These may include borrowing from friends or family, applying for a small personal loan from a bank or credit union, or using a credit card.

Can I be sued or have my wages garnished if I default on a payday loan in Cross, South Carolina?

Yes, if you default on a payday loan in Cross, South Carolina, your lender may take legal action against you. This may include suing you in court or seeking wage garnishment.