Payday Loan trouble in SC
Date: Fri, 01/09/2009 - 05:59
I currently have 12 storefront PDL's that I can no longer afford to pay fees on and renew each month. What are the laws in South Carolina?
South Carolina requires Internet based pdl's to be licensed by y
South Carolina requires Internet based pdl's to be licensed by your state.
Quote:
South Carolina State Information Legal Status: Legal Citation: S.C. Code Ann. 34-39-110 et seq. Loan Terms: Maximum Loan Amount: $300 Loan Term: Max: 31 days Maximum Finance Rate and Fees: 15% Finance Charge for 14-day $100 loan: $15 apr for 14-day $100 loan: 390% Debt Limits: Maximum Number of Outstanding Loans at One Time: Not Specified Rollovers Permitted: None Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: Lesser of: NSF fee of $10 or actual charge Criminal Action: Prohibited Where to Complain, Get Information: Regulator: South Carolina State Board of Financial Institutions Address: Consumer Finance Division, P.O. Box 11905 Columbia SC 29211 Phone: (803) 734-2020 Fax: (803) 734-2025 Regulatory Contact: C. Dean Bratton,, Commissioner of Consumer Finance Regulator Website |
What are the names of the loan companies? Are thy internet or st
What are the names of the loan companies? Are thy internet or store front? And how much was the loan for and how much have you paid towards each?
