Payday Loans in Greer, South Carolina

Things happen, and we often end up in a situation where we must pay for some unexpected bills. Think about applying for a payday loan in Greer, South Carolina, to see if you meet the requirements.

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

What is a Payday Loan? What Can It Be Used For?

A paycheck advance loan is where the borrower will receive a small amount of money on a short-term contract. This is deemed to be an unsecured loan due to the fact that no collateral is required.

When unexpected expenses come up, such as late rent or utility bills, car repairs, medical or vet costs, and so forth, people frequently turn to paycheck advance loans.

Payday Advance Loan Stipulations In Greer, SC

In Greer, South Carolina, payday advance loan borrowers must satisfy a few criteria to be eligible for a loan.

The borrower has to:

• Provide proof that they live in Greer, SC
• Must be 18 years of age
• Receive an income that they can provide proof of being at least $1,000/month
• Give current contact information like phone number and email address
• Give their social security number

If a borrower does not satisfy the above rules, they will automatically be denied a payday loan. Ensure that you have the documents needed when applying.

Laws and Rules Regarding Cash Advance Loans in Greer, South Carolina

South Carolina has deemed paycheck advance lending legal. However, they have set the below rules and regulations for the payday lending industry:

• An individual lender can't offer a loan for more than $600. Borrowers cannot take out greater than two outstanding loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not set, the maximum loan term length is 31 days. In South Carolina, borrowers cannot rollover their loans.
• The fees and charges vary for each lender. The service costs charged by the lender on each loan or transaction do not fall under interest. The service fees apply to every $100 borrowed and can range from 11% up to 15%.
• An interest rate is required to be mutually settled upon. APR can be as high as 369%.

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

Yes, the lenders we have a relationship with will run a credit check on you, but, even if you have no credit or bad credit, you may still be approved for a loan provided you can show that you are able to repay the loan. Lenders are usually unbothered by your credit if you possess proof of income and a strategy to pay back the loan.

Lenders will use a soft credit inquiry, which will not impact your credit score. This is only to get an idea of your credit history and basic information.

A hard credit pull, alternatively, needs your permission. These credit pulls are performed for various purposes, including mortgages, credit card applications, and more.

You may still qualify for a cash advance loan with bad credit in Greer, SC, as long as you have proof of repayment.

Therefore, when you apply for a loan, albeit in person or online, ensure that you have your income information ready and any other documents proving that you can pay back the loan. The more evidence you possess, the more likely your loan application will be approved.

When Will I Receive My Deposit in Greer, SC?

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

Much of the time, however, lenders will give the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. So, if you submit your application on a Friday, you might not receive your cash until Monday.

If you're looking for a same-day cash advance loan in Greer, SC, you will need to be sure that you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that deadline. However, you should submit an application earlier than that if able, as it will increase the likelihood that you see your cash on the day that you submit your application.

One other consideration that you should be aware of is despite if the lender approves your application and posts the credit to your checking account, occasionally the bank won't release that loan right away. 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 deposit earlier.

Overall, it's best to prepare ahead of time to receive money on the following business day. That way, you're not surprised if you cannot get it on the same day.

Consider Working With Us

If you have poor credit or no credit and are looking to get a payday advance loan, think about applying through us, as you usually have a better chance of approval.

We partner with hundreds of different lenders who offer their services online. Frequently you will get your loan on the following business day so make sure that you plan correctly.

Although, you can always find the nearest paycheck advance loan storefront to you and apply in person to boost the chances of getting your money on the same business day. When submitting an application in person, make sure 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 too.

To find the nearest payday advance loan store, please use the list below and locate your city.

Payday Loan Direct Lender Companies in Greer, SC

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