Payday Loans in Beaufort, South Carolina

Things happen, and we usually end up in a situation where we have to pay for some surprise costs. Consider submitting an application for a payday advance loan in Beaufort, SC, to see if you are eligible.

The loan process is swift and effortless. To be eligible, you have to meet a few straightforward criteria.

What is a Payday Advance Loan? What Can It Pay For?

A payday loan is where the borrower will receive a small amount of money on a short-term contract. This is thought of as an unsecured personal loan because no collateral is required.

When unforeseen costs present themselves, such as missed rent or utility expenditures, auto fees, health or vet fees, and so forth, people commonly seek out payday advance loans.

Cash Advance Loan Criteria In Beaufort, South Carolina

In Beaufort, SC, payday advance loan borrowers need to meet a few requirements to qualify for a loan.

The borrower is required to:

• Provide proof that they live in Beaufort, South Carolina
• Must be 18 years old
• Receive a steady stream of income that they can prove that's at least $1,000 per month
• Provide up-to-date contact details including cell phone number and email address
• Give their social security number

If a borrower does not meet the above requirements, they will immediately be denied a payday loan. Make sure you possess the documentation needed when requesting a loan.

Laws and Regulations Regarding Payday Loans in Beaufort, SC

South Carolina has ruled payday lending legal. However, they have enacted the below rules and regulations for the paycheck advance lending industry:

• A single money lender can't extend a loan in excess of $600. Borrowers cannot take out more than two outstanding loans from different lenders. There is no smallest loan amount.
• There is no minimum loan term, the longest loan term length is 31 days. In South Carolina, borrowers are unable to rollover their loans.
• The fees and charges change for each money lender. The service costs enacted by lenders on a loan are not considered interest. The service fees apply to each $100 loaned and can range between 11-15%.
• An interest rate is required to be mutually settled upon. APR can be as much as 369%.

Will Cash Advance Lenders in Beaufort, SC, Complete Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we work with will perform a credit check on you, still, even if you possess no credit or dismal credit, you may still be eligible for a loan as long as you can show that you are able to pay back the loan. Lenders are usually unbothered by your credit history if you provide proof of income and a strategy to pay back the loan.

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

A hard credit inquiry, dissimilarly, requires your explicit consent. These credit inquiries are performed for a plethora of purposes, including mortgages, credit cards, and more.

You may still be approved for a paycheck advance loan with imperfect credit in Beaufort, South Carolina, if you have proof of repayment.

Therefore, when you apply for a loan, whether it is in person or online, double check that you have your income information at hand and any other documents showing that you can repay the loan. The more proof you have, the better chance you are to be approved.

When Will I See My Deposit in Beaufort, SC?

When you see your deposit actually depends on your lender as some lenders provide same-day paycheck advance loans, which means you will get your payday loan on the same day you request a loan, as long as you receive an approval.

Most of the time, however, lenders will give the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. So, if you apply on a Friday, you might not see your deposit until Monday.

If you're wanting a same-day cash advance loan in Beaufort, SC, you will need to make sure you're applying by 10:30 am. All same-day payments going out that day will be approved by that deadline. However, you should apply earlier than that if able, as it will boost the likelihood that you see your money on the same day that you submit your application.

One additional consideration that you should be aware of is despite if the money lender approves your application and posts the loan to your bank, occasionally the bank won't release that deposit right away. It's paramount that you let your bank know that you plan to get a payday advance loan, so they might make an exception in releasing the money earlier.

Overall, it's best to prepare in advance to get your loan on the following business day. That way, you're not surprised if you cannot receive it on the same day.

Consider Working With PaydayLoanRadar

If you have poor credit or no credit and are needing to get a paycheck advance loan, consider applying with us, as you frequently have a better chance of approval.

We partner with hundreds of different lenders who offer their services online. Much of the time you will get your cash on the next business day so ensure that you plan appropriately.

However, you can always locate the closest paycheck advance loan storefront to you and apply in person to boost the chances of seeing your loan on the same business day. When applying in person, make sure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may ask for proof of address, so bring a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Beaufort, SC

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