Payday Loans in Georgetown, South Carolina

Incidents happen, and we usually find ourselves in a situation where we must cover some surprise expenses. Think about applying for a cash advance loan in Georgetown, South Carolina, to see if you meet the requirements.

The loan process is fast and straightforward. To qualify, loan borrowers must meet a few general requirements.

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

A cash advance loan is where the borrower will get a small amount of money on a short-term contract. This is thought of as an unsecured loan as no collateral is required.

When unexpected costs arise, for example past due rent or utility payments, car fixes, health or vet payments, and so forth, individuals often turn to paycheck advance loans.

Payday Loan Requirements In Georgetown, South Carolina

In Georgetown, SC, payday advance loan borrowers are required to satisfy a few criteria to be eligible for a loan.

The borrower must:

• Prove that they live in Georgetown, South Carolina
• Must be 18 years old
• Receive an income that they can prove that's at least $1,000 per month
• Give active contact information including phone number and email address
• Give their social security number

If a borrower does not meet the above rules, they will immediately be denied a payday advance loan. Ensure that you possess the documentation needed when submitting your application.

Laws and Rules Regarding Paycheck Advance Loans in Georgetown, South Carolina

South Carolina has deemed paycheck advance lending legal. However, they have created the following rules and regulations for the payday lending market:

• A single lender can't offer a loan for more than $600. Borrowers are not allowed to have greater than two outstanding 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 South Carolina, borrowers may not rollover their loans.
• The fees and charges vary for each money lender. The service costs charged 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 is required to be mutually settled upon. APR can be as high as 369%.

Will Payday Advance Lenders in Georgetown, SC, Perform Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we work with will perform a credit check on you, but, even if you have no credit or less than stellar credit, you may still be eligible for a loan as long as you can prove that you can pay back the loan. Lenders are typically unbothered by your credit history if you have proof of income and a plan to repay the loan.

Lenders will conduct a soft credit check, which will not impact your credit score. This is simply to get an idea of your credit history and general information.

A hard credit check, on the other hand, needs your explicit consent. These credit checks are used for various purposes, such as mortgages, credit card applications, and more.

You may still qualify for a payday loan with bad credit in Georgetown, SC, provided that you can prove you will repay the loan.

Therefore, when you request a loan, albeit in person or online, double check that you have your income information ready and any other documents showing that you can pay back the loan. The more proof you have, the more likely you are to be approved.

When Will I Receive My Loan in Georgetown, South Carolina?

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

Most of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. Therefore, if you submit your application on a Friday, you might not see your cash until Monday.

If you're searching for a same-day paycheck advance loan in Georgetown, SC, 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 cut-off. However, you should apply earlier than that if possible, as it will increase the likelihood that you receive your money on the day that you submit your application.

One other consideration that you should be aware of is even if the lender grants your loan request and posts the funds to your bank account, occasionally the bank won't release that funds right away. It's vital that you let your bank know that you plan to receive a paycheck advance loan, so they might make an exception in releasing the loan earlier.

On the whole, it's best to prepare ahead of time to receive money 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 poor credit or no credit and are needing to secure a payday advance loan, consider applying with us, as you probably have a better chance of approval.

We work with over one hundred different lenders who provide their services online. Frequently you will receive your cash on the next business day so make sure that you plan appropriately.

Although, you can always locate the nearest payday advance loan store to you and apply in person to strengthen the chances of getting your cash on the same business day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may ask for proof of address, so bring a utility bill to the store as well.

To locate the nearest payday loan storefront, please use the list below and search for your city.

Payday Loan Direct Lender Companies in Georgetown, SC

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