Payday Loans in Greenwood, South Carolina

Things happen, and we often find ourselves in a spot where we must cover some unforeseen bills. Think about submitting an application for a paycheck advance loan in Greenwood, South Carolina, to see if you meet the requirements.

The application process is quick and straightforward. To qualify, borrowers must meet a couple of basic conditions.

What is a Payday Advance Loan? What Can It Cover?

A payday advance loan is where the borrower will be extended a petite sum of funds on a short-term agreement. This is considered an unsecured loan as no collateral is expected.

When surprise costs present themselves, for example late rent or utility payments, auto bills, medical or vet fees, and so on, individuals often seek out payday loans.

Cash Advance Loan Stipulations In Greenwood, SC

In Greenwood, South Carolina, payday loan borrowers are required to meet a few stipulations to be eligible for a loan.

The borrower is required to:

• Prove that they reside in Greenwood, South Carolina
• Must be 18 years of age
• Have a steady income that they can provide proof of being at least $1,000/month
• Provide active contact information like phone number and email address
• Give their SSN

If a borrower does not satisfy the above requirements, they will immediately be denied a paycheck advance loan. Ensure that you can provide the documentation needed when applying.

Laws and Rules Concerning Paycheck Advance Loans in Greenwood, SC

South Carolina has deemed cash advance lending legal. However, they have created the below rules and laws for the payday advance lending industry:

• An individual money lender can't extend a loan greater than $600. Borrowers cannot take out greater than two active loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not set, the maximum loan term length is 31 days. In South Carolina, borrowers may not rollover their loans.
• The fees and charges vary for each lender. The service costs enacted by lenders on a cash advance loan are not considered interest. The service fees apply to every $100 borrowed and can range between 11-15%.
• An interest rate must be mutually agreed upon. APR can be as much as 369%.

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

Yes, the lenders we partner with will perform a credit check on you, still, even if you possess no credit or bad credit, you might still be approved for a loan given that you can prove that you are able to repay the loan. Lenders are usually unconcerned about your credit if you have proof of income and a plan to repay the loan.

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

A hard credit check, alternatively, needs your explicit consent. These credit pulls are performed for a plethora of purposes, including mortgages, credit card applications, and more.

You can still be approved for a payday loan with poor credit in Greenwood, South Carolina, as long as you have proof of repayment.

So, when you request a loan, albeit in person or online, ensure that you have your income information available and any other documents proving that you can repay the loan. The more evidence you show, the better chance your loan application will be approved.

When Will I Get My Money in Greenwood, SC?

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

Most of the time, however, lenders will give the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. Because of this, if you apply on a Friday, you may not receive your funds until Monday.

If you're searching for a same-day cash advance loan in Greenwood, South Carolina, you will need to make sure you're applying by 10:30 am. All same-day loans going out that day will be approved by that cut-off. However, you should request a loan earlier than that if possible, as it will boost the likelihood that you receive your cash on the day that you apply.

One more consideration that you should know is even if the money lender grants your loan request and posts the loan to your bank account, sometimes 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 payday advance loan, so they could possibly make an exception in releasing the deposit earlier.

Overall, it's wise to prepare in advance to receive your funds on the next business day. That way, you're not surprised if you cannot get it on the same day.

Consider Working With Us

If you have less than great credit or no credit and are looking to secure a cash advance loan, consider applying with us, as you most likely have a higher chance of approval.

We work with hundreds of different lenders who offer their services online. Frequently you will receive your loan on the next business day so ensure that you plan accordingly.

Although, you can always find the nearest paycheck advance loan storefront to you and apply in person to increase the chances of seeing your money 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. Now and again, lenders may request proof of address, so take along a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Greenwood, SC

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