Fair to Bad Credit Loans in SCWe Find Lenders Who Lend To Bad Credit Borrowers ![]() Home > How To Apply > South Carolina Last updated April 4th 2021 Commentary is for informational purposes only. See legal disclaimers here.Money Trouble in South Carolina?It's hard when your credit is bad right? We can help, and in about 10 seconds you're going to see how. Enter your zip and credit score to get started! South Carolina Usury and RegulationsSummary of South Carolina Usury Law(s) /
Quote: "Legal: 6% or 8.75% -
South Carolina legal rate is 8.75% when term "legal rate"
is used in contract, judgment or document / Contract: Any rate or
as per the Consumer Protection Code /
Judgment: 7.25% / Corporate: Rate not specific" South Carolina Usury Law Information: As per South Carolina Legal Code 34-31-20 Legal Maximum Interest Rates: Quote: "8.75% (§34-31-20)" Usury Penalties:
Quote: "Usury penalty laws repealed June 25, 1982,
but old law may apply to transactions before then (formerly §34-31-50)" South Carolina Lenders By CityCharleston SC / Columbia SC / North Charleston SC / Mount Pleasant SC / Rock Hill SC / Greenville SC / Myrtle Beach SC Complaints to: Physical Address: PO Box 5757, 2221 Devine Street, Suite 200, Columbia SC 29250-5757 / Phone: 800.922.1594 Fax: 803.734.4286 / Mail Complaint to: SCDCA Attn: Consumer Services / PO Box 5757 Columbia, SC 29250-5757 South Carolina Lender Service Areas MapClick
or tap map image above for interactive version. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - South Carolina FCU - - - - - - - - - - - - - - - - - - - - - - - - - - - - - C O Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Heritage Trust FFCU - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Founders Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Palmetto Health Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - AllSouth Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - SC State Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Santee Cooper Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Carolina Trust FCU - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Bad Credit Loan Form for South CarolinaBad Credit Loan Example In SCLara got behind on her payments to the IRS for her income taxes. They quickly placed a lien on her bank account and recovered the funds she owed them. Unfortunately, this left her without enough money to pay her rent and some of her utilities. The net result was a report to the credit rating agencies which lowered her credit score into the bad credit area. She needs a bad credit loan of only $2500 to help her get back on track with her landlord and also the utility companies. She knows that she will likely have to pay a higher interest rate than someone with a good credit rating. Nancy would like to have a term of two years to keep the monthly payments low enough for her to afford to meet the payments each month. She also would like to make one or two extra payments during the two year term to reduce the total interest paid as well as pay the loan back more quickly. Nancy works full time and has a good job providing her with sufficient income to afford this loan. She completed her income taxes and sent them in on time, but did not remit her income taxes that she owed. After several reminders, the IRS had no choice but to go after the money from her account. A $2500 loan with a two year term and 9.5% interest rate for Lara would cost her the following per month: • Loan Amount (principal) = $2500 Nancy learned the hard way that you just cannot get away with not paying what you owe to the IRS. Unfortunately, this lack of action had consequences beyond what Nancy ever thought could be. She never expected her credit rating to suffer and certainly not make it difficult to find someone to process and approve a loan for her. Bottom line for anyone reading this post is, “Always pay all of your debts, including your income taxes on time”. If you do not there is a really good chance that your credit score is going to decline and you will have trouble borrowing money in the future. That is the simple truth. It will be difficult to borrow money and if you are approved for a loan, expect to pay higher interest rates compared to other consumers with good scores. Low credit score consumers are perceived as being a higher risk client and are charged accordingly. Never miss a payment. Nancy is slowly recovering from her mishap and has been able to catch up on all her overdue bills. It will be a few years before her credit score recovers, but she is ok with that. She plans to repay this loan in a shorter time span that the contracted two year term and then begin setting aside funds for emergencies. Above all she is going to pay her income taxes in advance and never have to deal with late payments again to the IRS or anyone. If you live in the State of South Carolina and you're struggling to get a loan approval with a bad credit rating we hope our website helps you in some way. Sincerely, Chris Somerset Chris Somerset is the daughter of Lance Somerset who founded the We Find Lenders Pool. She contributes to WeFindLenders.com whenever she's not having fun with her three children and her husband Ron. Debt Consolidation Loans in SCLast 5 debt service loans approved in the State of South Carolina. Source: WFL Lender Pool. Updated Weekly. Principals rounded to the nearest $1000. Relative interest rates listed below in order left to right. $70000 $75000 $5500 $65000 $6000 6.45% 12.51% 13.83% 5.55% 10.06% Debt Consolidation Providers In SCClick
or tap map image above for interactive version. A American Debt Consolidation - - - - - - - - - - - - - - - -
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- - - - - - - - - - - - - A American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Debt Hero Charleston - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - A American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Heritage Trust FCU - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - South Carolina FCU - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Pee Dee Federal Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Palmetto First Federal Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Nucor Employees Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - South Carolina residents with good or
fairly good credit can consider the list of lenders above. Bad credit
applicants can use the WFL lender pool by using the application form. Before you consider consolidating, take
a full inventory of your incomimg funds and outgoing funds. Then track
your spending for a month closely so you can find out exactly what your
outgoing is. Only then will you have a clear path to getting your personal
finances in order. John would like to borrow $1800 to help
pay for a transmission repair and to consolidate a $500 balance on his
credit card. John has a $500 limit on his credit card balance and it is
fully charged to the maximum. Unless he pays the balance in a few days,
he will be charged interest on the overdue balance. He plans to pay the
minimum monthly charge at the moment to avoid any late payment issues,
but this will trigger interest charges. He does not have a great credit score
and is trying to rebuild it, but so far he is not having a great deal
of success. He has an estimate for both solutions
and he is really hoping that rebuilding the transmission is going to work.
He has been told to stop driving the truck
if he wants to avoid further damage which could mean a brand new transmission
instead of rebuilding it. The repair shop is ready to get started
on the repairs now, they are just waiting for him to give the go ahead
and provide a 25% deposit on the repairs. They want to make sure they are going
to get paid. Even though he does not have a great credit
rating, his only debt is the credit card. The truck is paid for and he
rents a small apartment at the present time and does not have very much
in terms of expenses. He needs to pay his loan each month on
time until the loan is fully paid off. If he can meet these terms it will
demonstrate that he can be counted on to pay his debts and his credit
score should also improve. You just do not know until it is removed
and examined. Hopefully there will be no surprises and this debt consolidation
loan will be sufficient to cover the repairs and his credit card debt.
If you live in the State of South Carolina
and you're trying to get approved for a debt consolidation loan, we hope
our website helps you find a good lender regardless of your credit rating. Andy Somerset Andy
Somerset is the son of Lance Somerset who founded the We
Find Lenders Pool. He writes for WeFindLenders.com whenever he's not
working hard on his degree in finance. Click
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