Payday Loans in Chester, South Carolina

Things happen, and we often find ourselves in a place where we must cover some unforeseen costs. Think about applying for a cash advance loan in Chester, South Carolina, to see if you meet the requirements.

The loan process is fast and simple. To qualify, loan borrowers must meet a few simple conditions.

What is a Payday Loan? What Can It Be Put Towards?

A cash advance loan is where the borrower will get a small sum of funds on a short-term contract. This is thought of as an unsecured loan due to the fact that no collateral is expected.

When unforeseen bills come up, like past due rent or utility payments, vehicle fees, medical or vet costs, and so forth, individuals commonly rely upon paycheck advance loans.

Paycheck Advance Loan Stipulations In Chester, South Carolina

In Chester, South Carolina, payday loan borrowers are required to satisfy several criteria to be eligible for a loan.

The borrower is required to:

• Provide proof that they are a resident of Chester, South Carolina
• Must be at least 18
• Receive a steady stream of income that they can prove that's at least $1,000/month
• Give current contact information including cell phone number and email address
• Provide their SSN

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

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

The State of South Carolina has ruled payday lending legal. Although, they have put forth the below rules and regulations for the paycheck advance lending industry:

• An individual money lender can't offer a loan in excess of $600. Borrowers are not allowed to have more than two outstanding loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not determined, the maximum loan term length is 31 days. In the State of South Carolina, borrowers cannot rollover their loans.
• The fees and charges vary for each loan lender. The service fees charged by lenders on a cash advance loan do not fall under interest. The service fees apply to every $100 loaned and can range between 11-15%.
• An interest rate must be mutually agreed upon. APR can be as high as 369%.

Will Paycheck Advance Lenders in Chester, 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, but, even if you possess no credit or less than stellar credit, you might still be approved for a loan as long as you can show that you can pay back the loan. Lenders are generally unconcerned about your credit history if you have proof of income and a plan to pay back the loan.

Lenders will use a soft credit pull, which will have no impact on your credit score. This is only to get a look at your credit history and basic information.

A hard credit pull, dissimilarly, needs your permission. These credit pulls are utilized for a plethora of purposes, such as mortgages, credit card applications, and more.

You can still qualify for a paycheck advance loan with imperfect credit in Chester, SC, as long as you can prove you will repay the loan.

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 proving that you can repay the loan. The more evidence you show, the more likely your loan application will be approved.

When Will I Receive My Money in Chester, SC?

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

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

If you're looking for a same-day payday advance loan in Chester, SC, you will need to be sure that you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that cut-off. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you get your deposit 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 credit to your checking account, occasionally the bank won't release that deposit right away. It's important to let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the funds earlier.

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

Consider Borrowing From Us

If you possess bad credit or no credit and are looking to secure a cash advance loan, think about applying through us, as you frequently have a better chance of approval.

We work with more than one hundred different lenders who offer their services online. Much of the time you will receive your cash on the next business day so make sure that you plan correctly.

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

To find the nearest payday loan store, please refer to the list below and search for your city.

Payday Loan Direct Lender Companies in Chester, SC

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