Payday Loans in Aiken, South Carolina

Life happens, and we usually wind up in a spot where we have to pay for some unforeseen costs. Consider submitting an application for a payday advance loan in Aiken, South Carolina, to see if you are eligible.

The application process is swift and straightforward. To be qualified, loan borrowers have to satisfy a few simple conditions.

What is a Paycheck Advance Loan? What Can It Be Put Towards?

A payday loan is where the borrower will be extended a petite amount of funds on a short-term agreement. This is considered an unsecured loan as no collateral is expected.

When unforeseen financial needs arise, for example missed rent or utility costs, vehicle costs, medical or vet fees, and so on, people often seek out cash advance loans.

Payday Loan Requirements In Aiken, South Carolina

In Aiken, South Carolina, payday loan borrowers are required to meet a few stipulations to qualify for a loan.

The borrower must:

• Show proof that they reside in Aiken, South Carolina
• Must be 18 or older
• Have a steady income that they can provide proof of being at least $1,000/month
• Give up-to-date contact information such as phone number and email address
• Give their social security number

If a borrower does not abide by the above criteria, they will automatically be denied a cash advance loan. Make sure you can provide the documents required when applying for a loan.

Laws and Rules Concerning Paycheck Advance Loans in Aiken, South Carolina

South Carolina has ruled cash advance lending legal. Although, they have put forth the below rules and regulations for the paycheck advance lending market:

• A single lender cannot offer a loan greater than $600. Borrowers are not allowed to possess more than two unpaid loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not determined, the longest loan term length is 31 days. In South Carolina, borrowers may not rollover their loans.
• The fees and charges are different for each loan lender. The service fees enacted by lenders on a cash advance loan are not considered interest. The service fees apply to each $100 loaned and can vary between 11-15%.
• An interest rate is required to be mutually agreed upon. APR can be as much as 369%.

Will Payday Lenders in Aiken, SC, Run Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we work with will perform a credit check on you, still, even if you have no credit or less than stellar credit, you may still be eligible for a loan as long as you can show that you can repay the loan. Lenders are typically unconcerned about your credit history if you provide proof of income and a strategy to repay the loan.

Lenders will rely on a soft credit check, which will not impact your credit score. This is solely to get a look at your credit history and basic information.

A hard credit check, dissimilarly, requires your permission. These credit checks are utilized for a variety of purposes, including mortgages, credit cards, and more.

You might still be approved for a paycheck advance loan with less than great credit in Aiken, South Carolina, provided that you have proof of repayment.

Therefore, when you request a loan, whether it is in person or online, double check that you have your income information available and any other documents showing that you can repay the loan. The more evidence you show, the more likely your loan request will be granted.

When Will I See My Money in Aiken, SC?

When you receive your loan truly relies on the lender as some lenders provide same-day payday loans, which means you will receive your payday advance loan on the same day you submit your application, as long as you're approved.

Much of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. Because of this, if you submit your application on a Friday, you may not see your loan until Monday.

If you're wanting a same-day payday loan in Aiken, SC, you will need to make sure you're applying by 10:30 am. All same-day deposits going out that day will be approved by that time. However, you should apply earlier than that if possible, as it will boost the likelihood that you receive your loan on the same day that you apply.

One additional factor that you should understand is despite if the lender approves your application and posts the loan to your bank, occasionally the bank won't release that funds at that time. It's important to let your bank know that you plan to receive a payday advance loan, so they could possibly make an exception in releasing the loan earlier.

On the whole, it's wise to prepare ahead of time to receive cash on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.

Think About Working With PaydayLoanRadar

If you possess bad credit or no credit and are wanting to get a payday loan, consider applying through us, as you probably have a better chance of approval.

We partner with more than one hundred different lenders who provide their services online. Most of the time you will see your deposit on the following business day so ensure that you plan appropriately.

However, you can always find the nearest payday advance loan store to you and apply in person to strengthen the chances of receiving your funds on the same business day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may request proof of address, so take along a utility bill to the store too.

To find the nearest paycheck advance loan store, please refer to the list below and find your city.

Payday Loan Direct Lender Companies in Aiken, SC

Below you will find a list of payday loan companies offering their services in Aiken, South Carolina. If you can't find a lender near your location in Aiken, consider applying in a nearby city in South Carolina. Alternatively, you can apply online on our website and get a decision almost instantly.