Payday Loans in Lancaster, South Carolina

Things happen, and we often end up in a situation where we have to cover some surprise expenses. Think about applying for a payday advance loan in Lancaster, South Carolina, to see if you meet the requirements.

The application process is quick and effortless. To be qualified, loan borrowers have to meet a couple of basic conditions.

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

A paycheck advance loan is where the borrower will get a petite sum of funds on a short-term basis. This is considered an unsecured personal loan as no collateral is expected.

When surprise financial needs arise, for example missed rent or utility bills, auto costs, health or vet fees, and so on, people often seek out paycheck advance loans.

Payday Loan Requirements In Lancaster, SC

In Lancaster, SC, payday loan borrowers need to satisfy a few stipulations to qualify for a loan.

The borrower must:

• Prove that they live in Lancaster, South Carolina
• Must be at least 18
• Have a steady income that they can prove that's at least $1,000/month
• Provide active contact information such as phone number and email address
• Provide their social security number

If a borrower does not abide by the above criteria, they will immediately be denied a cash advance loan. Make sure you possess the documents required when applying for a loan.

Laws and Regulations Concerning Cash Advance Loans in Lancaster, South Carolina

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

• An individual lender can't extend a loan for more than $600. Borrowers cannot have more than two outstanding loans from different lenders. There is no smallest loan amount.
• There is no minimum loan term, the longest loan term length is 31 days. In South Carolina, borrowers are unable to rollover their loans.
• The fees and charges vary for each lender. The service costs enacted by the lender on each loan or transaction are not considered interest. The service fees apply to each $100 borrowed and can range between 11-15%.
• An interest rate is required to be mutually settled upon. APR can be as high as 369%.

Will Paycheck Advance Lenders in Lancaster, South Carolina, Perform Credit Checks? What If I Have Bad/No Credit History At All?

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

Lenders will use a soft credit check, 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 check, on the other hand, must have your explicit consent. These credit inquiries are performed for a plethora of purposes, including mortgages, credit cards, and more.

You might still qualify for a paycheck advance loan with poor credit in Lancaster, South Carolina, provided that you have proof of repayment.

So, when you apply for a loan, whether it is in person or online, ensure that you have your income information ready 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 Get My Loan in Lancaster, SC?

When you receive your money really depends on the lender as some lenders provide same-day paycheck advance loans, which means you will get your paycheck advance loan on the same day you apply, as long as you're approved.

Most of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses generally close for holidays and weekends. Therefore, if you apply on a Friday, you might not get your loan until Monday.

If you're wanting a same-day payday advance loan in Lancaster, South Carolina, you will need to make sure you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that cut-off. However, you should request a loan earlier than that if able, as it will boost the likelihood that you get your funds on the day that you apply.

One additional consideration that you should know is despite if the lender grants your loan request and posts the credit to your checking account, occasionally the bank won't release that loan at that time. It's important to let your bank know that you plan to get a paycheck advance loan, so they could possibly make an exception in releasing the funds earlier.

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

Think About Borrowing From PaydayLoanRadar

If you possess bad credit or no credit and are searching to get a payday loan, consider applying with us, as you probably have a higher chance of approval.

We work with more than one hundred different lenders who offer their services online. Frequently you will get your cash on the following business day so ensure that you plan accordingly.

Although, you can always find the nearest paycheck advance loan store to you and apply in person to strengthen the chances of getting your funds 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 request proof of address, so bring a utility bill to the store too.

To find the nearest paycheck advance loan storefront, please navigate to the list below and search for your city.

Payday Loan Direct Lender Companies in Lancaster, SC

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