Payday Loans in Bennettsville, South Carolina
Incidents happen, and we often wind up in a place where we must pay for some unforeseen costs. Consider submitting an application for a cash advance loan in Bennettsville, SC, to see if you qualify.
The loan process is fast and straightforward. To qualify, borrowers have to meet a few basic conditions.
What is a Payday 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 thought of as an unsecured personal loan as no collateral is needed.
When unexpected financial needs come up, such as missed rent or utility payments, vehicle repairs, health or vet fees, and so forth, individuals frequently turn to payday advance loans.
Payday Advance Loan Stipulations In Bennettsville, South Carolina
In Bennettsville, SC, cash advance loan borrowers are required to meet several stipulations to qualify for a loan.
The borrower has to:
- Show proof that they reside in Bennettsville, South Carolina
- Must be at least 18
- Have an income that they can prove that's at least $1,000/month
- Give current contact information such as phone number and email address
- Provide their SSN
If a borrower does not satisfy the above criteria, they will automatically be denied a paycheck advance loan. Make sure you have the documents needed when applying.
Laws and Regulations Concerning Payday Advance Loans in Bennettsville, SC
The State of South Carolina has deemed paycheck advance lending legal. Still, they have enacted the following rules and regulations for the payday advance lending market:
- A single money lender cannot offer a loan for more than $600. Borrowers are not allowed to have more than two unpaid loans from different lenders. There is no smallest loan amount.
- The minimum loan term is not determined, the longest loan term length is 31 days. In the State of South Carolina, borrowers may not rollover their loans.
- The fees and charges are different for each money lender. The service fees charged by lenders on each loan or transaction are not considered interest. The service fees apply to each $100 borrowed and can vary from 11% up to 15%.
- An interest rate must be mutually agreed upon. APR can range up to 369%.
Will Paycheck Advance Lenders in Bennettsville, SC, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we partner with will complete a credit check on you, still, even if you have no credit or poor credit, you might still be approved 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 offer proof of income and a strategy to repay the loan.
Lenders will rely on a soft credit inquiry, which will have no impact on your credit score. This is simply to get a look at your credit history and basic information.
A hard credit inquiry, dissimilarly, must have your explicit consent. These credit pulls are used for a plethora of purposes, including mortgages, credit card applications, and more.
You can still be approved for a payday advance loan with imperfect credit in Bennettsville, South Carolina, as long as you can prove you will repay the loan.
Therefore, when you request a loan, albeit in person or online, make sure that you have your income information available and any other documents verifying that you can repay the loan. The more proof you show, the better chance your loan application will be approved.
When Will I See My Loan in Bennettsville, SC?
When you see your deposit actually relies on your lender as some lenders provide same-day payday loans, which means you will see your payday advance loan on the same day you submit your application, as long as you receive an approval.
Most of the time, though, 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 get your cash until Monday.
If you're searching for a same-day paycheck advance loan in Bennettsville, South Carolina, you will need to ensure you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that time. However, you should apply earlier than that if possible, as it will increase the likelihood that you get your deposit on the day that you apply.
One other factor that you should understand is despite if the money lender grants your loan request and posts the deposit to your bank, occasionally the bank won't release that credit at that time. It's vital that you let your bank know that you plan to get a payday advance loan, so they might make an exception in releasing the cash earlier.
On the whole, it's best to prepare ahead of time to receive your deposit on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.
Consider Working With Us
If you have bad credit or no credit and are searching to secure a cash advance loan, think about applying with us, as you frequently have a higher chance of approval.
We work with hundreds of different lenders who provide their services online. Frequently you will see your funds on the following business day so make sure that you plan appropriately.
Although, you can always find the closest payday advance loan store to you and apply in person to boost the chances of receiving your funds on the same day. When submitting an application in person, make sure that you have your government ID or driver's license; a passport will work as well. Occasionally, lenders may request proof of address, so bring a utility bill to the store too.
To find the nearest payday advance loan storefront, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Bennettsville, SC
Below you will find a list of payday loan companies offering their services in Bennettsville, South Carolina. If you can't find a lender near your location in Bennettsville, consider applying in a nearby city in South Carolina. Alternatively, you can apply online on our website and get a decision almost instantly.
If you can't find a lender near your location in Bennettsville, consider checking out payday loan lenders in nearby cities. Alternatively, apply online on our website and get an instant decision. If approved, you will get your cash the same or next business day.