Payday Loans in Anderson, South Carolina

Things happen, and we usually find ourselves in a spot where we have to pay for some unexpected costs. Think about applying for a payday loan in Anderson, SC, to see if you meet the requirements.

The loan process is quick and painless. To be qualified, borrowers have to satisfy a couple of basic requirements.

What is a Payday Advance Loan? What Can It Be Used For?

A cash advance loan is where the borrower will be extended a petite amount of cash on a short-term contract. This is considered an unsecured loan due to the fact that no collateral is needed.

When unforeseen bills come up, such as past due rent or utility fees, auto fixes, health or vet payments, and so on, people usually rely upon cash advance loans.

Cash Advance Loan Stipulations In Anderson, SC

In Anderson, SC, payday loan borrowers must meet several criteria to qualify for a loan.

The borrower must:

• Show proof that they live in Anderson, South Carolina
• Must be 18 years of age
• Receive an income that they can provide proof of being at least $1,000/month
• Give up-to-date contact information like phone number and email address
• Provide their SSN

If a borrower does not meet the above criteria, they will automatically be denied a cash advance loan. Ensure that you possess the documents needed when requesting a loan.

Laws and Regulations Regarding Cash Advance Loans in Anderson, South Carolina

South Carolina has ruled cash advance lending legal. Although, they have created the following rules and laws for the cash advance lending industry:

• A single money lender can't offer a loan for more than $600. Borrowers may not have greater than two unpaid loans from different lenders. There is no smallest loan amount.
• There is no minimum loan term, the maximum loan term length is 31 days. In the State of South Carolina, borrowers may not rollover their loans.
• The fees and charges vary for each money lender. The service costs enacted by lenders on a cash advance loan do not fall under interest. The service fees apply to each $100 loaned and can vary from 11% up to 15%.
• An interest rate must be mutually agreed upon. APR can be as high as 369%.

Will Paycheck Advance Lenders in Anderson, SC, Perform Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we have a relationship with will do a credit check on you, but, even if you possess no credit or dismal credit, you may still be approved for a loan as long as you can prove that you are able to repay the loan. Lenders are typically unconcerned about your credit if you possess proof of income and a strategy to pay back the loan.

Lenders will use a soft credit inquiry, which will have no impact on your credit score. This is solely to get an idea of your credit history and basic information.

A hard credit pull, on the other hand, needs your permission. These credit checks are performed for a variety of purposes, including mortgages, credit cards, and more.

You may still qualify for a cash advance loan with less than great credit in Anderson, South Carolina, as long as you can prove you will repay the loan.

Therefore, when you apply for a loan, albeit in person or online, double check that you have your income information available and any other documents verifying that you can repay the loan. The more proof you show, the more likely your loan application will be approved.

When Will I Receive My Deposit in Anderson, South Carolina?

When you receive your money really relies on your lender as some lenders provide same-day paycheck advance loans, which means you will see your payday loan on the same day you apply, as long as you receive an approval.

Most 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 apply on a Friday, you might not get your funds until Monday.

If you're needing a same-day cash advance loan in Anderson, SC, you will need to make sure you're applying by 10:30 am. All same-day funds going out that day will be approved by that time. However, you should apply earlier than that if able, as it will boost the likelihood that you receive your deposit on the day that you apply.

One other factor that you should be aware of is even if the money lender approves your application and posts the loan to your bank account, sometimes the bank won't release that funds immediately. It's important to let your bank know that you plan to get a paycheck advance loan, so they could possibly make an exception in releasing the funds earlier.

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

Consider Working With PaydayLoanRadar

If you have poor credit or no credit and are looking to get a cash advance loan, think about applying through us, as you probably have a better chance of approval.

We partner with hundreds of 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 correctly.

Although, you can always find the closest cash advance loan storefront to you and apply in person to strengthen the chances of seeing your loan on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may require proof of address, so take along a utility bill to the store too.

To locate the nearest payday advance loan storefront, please refer to the list below and search for your city.

Payday Loan Direct Lender Companies in Anderson, SC

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