You have the right to be treated with respect, dignity, and truth…even if you do owe money.
If someone has threatened you with jail or arrest, or won’t stop calling you or harassing you after requests to stop, please contact us for help.

FINANCE COMPANIES

  • Finance companies offer loans in South Carolina at a very high interest rate, between 36%-400%. Many of the people taking out these loans live paycheck to paycheck or have a fixed income from social security or disability. If so, you may have trouble repaying the loan at the high interest rate.

  • Finance companies should stop calling once you tell them to stop calling. It is best to put this request in writing, via certified mail. Additionally, you can always ask the finance company to stop calling your references or place of employment. Again, do so in writing via certified mail. If the calls continue, remember to keep detailed records of the conversations and the phone calls.

  • Finance companies should never threaten you with jail or arrest. Often threats are made that if you don’t have the collateral, you may go to jail or a warrant issued for your arrest. This is illegal and almost always not true. Please contact us immediately if a finance company is threatening you with jail or arrest.

  • Finance companies should never threaten to pick up your collateral until after they have sent right to cure letter providing 20 days for you to catch up payments. If you are receiving threats prior to this letter being provided or prior to the expiration of the 20 days, please let us know.

LOAN SHARKS: PAYDAY LOANS IN SOUTH CAROLINA

LOAN SHARKS: PAYDAY LOANS IN SOUTH CAROLINA

In honor of Shark Week on the discovery channel, I thought we should look at payday loans. SOUTH CAROLINA PAYDAY LENDING In South Carolina, most payday lenders have now become short-term (supervised) lenders. You see, after a law was passed in 2009 regulating payday lenders (or at least limiting the amounts and number of loans),(…)

How Short Term Lenders Break The Law

How Short Term Lenders Break The Law

In South Carolina, it seems there is a short term, finance company, or payday lender on every block.  Despite their popularity, these loans are generally a bad idea and lenders often attempt to skirt the law. WHY SHORT TERM LOANS ARE A BAD IDEA Interest rates on these loans range from 30-400%. In addition to(…)