Cash Pay Advance

Thousands of South Carolinians face financial shortfalls every day — a mother in Greenville needs to pay for her child to see a doctor after a fall in the playground; a commission-based salesman in Myrtle Beach has a dip in income during a slow period and needs help paying the bills; a student in Columbia who works two jobs while going to school needs money for additional textbooks. But this short-term loan product, and its value to consumers, is often tarnished by critics who seek to take financial choices away from those who need them most — hard-working South Carolinians. In fact, some critics of payday loans are even calling their efforts to abolish this valued short-term credit option “reform. A recent academic study by the Federal Reserve Bank of New York shows what has happened to consumers in North Carolina and Georgia when payday loans were banned in those states. But real “reforms” would allow the continued access to payday loans while addressing the problems confronted by the small number of customers who misuse our product and put themselves in financial jeopardy. It would be unfortunate — and consumers would suffer — if the Legislature ignores the clear demand for payday loans and overly restricts access to them or takes them away altogether. Find Out More

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