Payday Loans in Charleston, South Carolina

Life happens, and we usually end up in a spot where we must pay for some unexpected expenses. Consider submitting an application for a payday advance loan in Charleston, South Carolina, to see if you meet the requirements.

The application process is fast and painless. To qualify, borrowers must satisfy a couple of general criteria.

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

A cash advance loan is where the borrower will be extended a petite amount of money on a short-term agreement. This is considered an unsecured personal loan as no collateral is required.

When unforeseen bills arise, for example past due rent or utility bills, car fixes, health or vet bills, and so forth, individuals commonly rely upon payday advance loans.

Cash Advance Loan Stipulations In Charleston, SC

In Charleston, South Carolina, paycheck advance loan borrowers are required to satisfy a few stipulations to be eligible for a loan.

The borrower must:

• Show proof that they are a resident of Charleston, SC
• Must be 18 or older
• Have a steady income that they can prove that's at least $1,000 per month
• Give active contact details like cell phone number and email address
• Give their SSN

If a borrower does not satisfy the above requirements, they will automatically be denied a paycheck advance loan. Ensure that you possess the documentation required when submitting your application.

Laws and Regulations Concerning Payday Advance Loans in Charleston, SC

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

• A single money lender can't offer a loan for more 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 set, the longest loan term length is 31 days. In the State of South Carolina, borrowers are unable to rollover their loans.
• The fees and charges vary for each lender. The service fees charged by the lender on a cash advance loan do not fall under interest. The service fees apply to each $100 borrowed and can range between 11-15%.
• An interest rate is required to be mutually agreed upon. APR can range up to 369%.

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

Yes, the lenders we have a relationship with will complete a credit check on you, but, even if you possess no credit or dismal credit, you might still be eligible for a loan as long as you can show that you can pay back the loan. Lenders are generally unbothered by your credit if you provide proof of income and a plan to pay back the loan.

Lenders will use a soft credit pull, which will not impact your credit score. This is solely to get a feel of your credit history and general information.

A hard credit pull, on the other hand, requires your permission. These credit inquiries are utilized for a variety of purposes, including mortgages, credit card applications, and more.

You can still qualify for a payday loan with imperfect credit in Charleston, SC, as long as you have proof of repayment.

So, when you apply for a loan, albeit in person or online, make sure that you have your income information at hand and any other documents proving that you can pay back the loan. The more proof you possess, the better chance your loan request will be granted.

When Will I See My Deposit in Charleston, South Carolina?

When you receive your deposit really depends on the lender as some lenders offer same-day paycheck advance loans, which means you will get your cash advance loan on the same day you apply, as long as you receive an approval.

Most of the time, though, lenders will give 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 money until Monday.

If you're needing a same-day cash advance loan in Charleston, South Carolina, you will need to ensure 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 possible, as it will boost the likelihood that you get your funds on the day that you submit your application.

One more consideration that you should be aware of is even if the money lender approves your application and posts the deposit to your bank account, occasionally the bank won't release that funds at that time. It's paramount that you let your bank know that you plan to receive a paycheck advance loan, so they could possibly make an exception in releasing the money earlier.

Overall, it's wise to prepare in advance to get your deposit on the following 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 secure a payday loan, think about applying with us, as you most likely have a higher chance of approval.

We partner with over one hundred different lenders who offer their services online. Much of the time you will see your loan on the next business day so make sure that you plan accordingly.

However, you can always locate the nearest cash advance loan store to you and apply in person to increase the chances of getting your funds on the same day. When applying in person, make sure that you have your government ID or driver's license; a passport is sufficient. Sometimes, lenders may require proof of address, so bring a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Charleston, SC

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