Payday Loans in Clemson, South Carolina

Things happen, and we often wind up in a situation where we must pay for some surprise expenses. Consider applying for a payday advance loan in Clemson, South Carolina, to see if you qualify.

The loan process is swift and straightforward. To be qualified, loan borrowers have to satisfy a couple of general requirements.

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

A payday loan is where the borrower will receive a small amount of funds on a short-term basis. This is considered an unsecured personal loan due to the fact that no collateral is expected.

When unexpected costs present themselves, for example late rent or utility costs, car repairs, medical or vet payments, and so on, people commonly seek out payday loans.

Paycheck Advance Loan Requirements In Clemson, SC

In Clemson, South Carolina, payday advance loan borrowers must satisfy several requirements to be eligible for a loan.

The borrower has to:

• Provide proof that they reside in Clemson, South Carolina
• Must be 18 years old
• Receive a steady stream of income that they can provide proof of being at least $1,000/month
• Give current contact details like phone number and email address
• Give their social security number

If a borrower does not satisfy the above requirements, they will automatically be denied a cash advance loan. Ensure that you have the documents needed when submitting your application.

Laws and Rules Concerning Paycheck Advance Loans in Clemson, SC

South Carolina has deemed paycheck advance lending legal. Still, they have set the following rules and laws for the cash advance lending market:

• A single money lender can't offer a loan in excess of $600. Borrowers may not take out greater than two unpaid 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 South Carolina, borrowers are unable to rollover their loans.
• The fees and charges vary for each loan lender. The service fees enacted by the lender on each loan or transaction do not fall under interest. The service fees apply to each $100 borrowed and can vary between 11-15%.
• An interest rate must be mutually settled upon. APR can be as high as 369%.

Will Cash Advance Lenders in Clemson, South Carolina, Run 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, still, even if you have no credit or less than optimal credit, you might still be approved for a loan given that you can prove that you are able to repay the loan. Lenders are typically unbothered by your credit history if you possess proof of income and a plan to repay the loan.

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

A hard credit inquiry, dissimilarly, requires your permission. These credit checks are done for a variety of purposes, including mortgages, credit cards, and more.

You can still be approved for a cash advance loan with imperfect credit in Clemson, SC, provided that you can prove you will repay the loan.

Therefore, when you request a loan, whether it is in person or online, ensure that you have your income information available 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 Receive My Money in Clemson, South Carolina?

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

Much of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses typically close for holidays and weekends. Therefore, if you apply on a Friday, you might not get your deposit until Monday.

If you're wanting a same-day cash advance loan in Clemson, South Carolina, you will need to ensure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that deadline. However, you should submit an application earlier than that if possible, as it will increase the likelihood that you receive your funds on the same day that you submit your application.

One other consideration that you should understand is despite if the money lender grants your loan request and posts the credit to your bank, sometimes the bank won't release that deposit immediately. It's paramount that you let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the deposit earlier.

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

Think About Borrowing From Us

If you possess less than great credit or no credit and are searching to secure a cash advance loan, consider applying through us, as you probably have a higher chance of approval.

We work with over one hundred different lenders who offer their services online. Much of the time you will receive your cash on the following business day so ensure that you plan accordingly.

Although, you can always find the closest payday loan store to you and apply in person to strengthen the chances of receiving your money on the same day. When applying in person, make sure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may require 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 search for your city.

Payday Loan Direct Lender Companies in Clemson, SC

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