Payday Loans in Laurens, South Carolina

Events happen, and we often wind up in a spot where we have to pay for some unforeseen bills. Consider submitting an application for a paycheck advance loan in Laurens, SC, to see if you are eligible.

The loan application process is swift and painless. To be eligible, borrowers have to satisfy a couple of straightforward criteria.

What is a Payday Advance Loan? What Can It Be Put Towards?

A paycheck advance loan is where the borrower will be extended a petite sum of cash on a short-term agreement. This is deemed to be an unsecured personal loan due to the fact that no collateral is needed.

When surprise financial needs present themselves, like late rent or utility costs, vehicle costs, medical or vet fees, and so on, people frequently seek out payday loans.

Cash Advance Loan Criteria In Laurens, SC

In Laurens, South Carolina, paycheck advance loan borrowers need to meet several requirements to qualify for a loan.

The borrower is required to:

• Show proof that they are a resident of Laurens, SC
• Must be at least 18
• Have a steady stream of income that they can provide proof of being at least $1,000/month
• Provide current contact details like cell phone number and email address
• Provide their SSN

If a borrower does not satisfy the above criteria, they will automatically be denied a cash advance loan. Make sure you can provide the documents required when applying for a loan.

Laws and Regulations Concerning Payday Advance Loans in Laurens, SC

The State of South Carolina has ruled payday lending legal. Although, they have set the below rules and laws for the cash advance lending industry:

• An individual money lender cannot extend a loan greater than $600. Borrowers may not possess more than two unpaid loans from different lenders. There is no minimum loan amount.
• There is no minimum loan term, the maximum loan term length is 31 days. In the State of South Carolina, borrowers are unable to rollover their loans.
• The fees and charges change for each loan lender. The service fees enacted by lenders on a loan are not considered interest. The service fees apply to every $100 loaned and can range from 11% up to 15%.
• An interest rate must be mutually decided upon. APR can range up to 369%.

Will Cash Advance Lenders in Laurens, South Carolina, Complete Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we have a relationship with will complete a credit check on you, still, even if you possess no credit or dismal credit, you might still be approved for a loan given that you can show that you are able to pay back the loan. Lenders are usually unconcerned about your credit if you provide proof of income and a strategy to pay back the loan.

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

A hard credit inquiry, alternatively, requires your permission. These credit inquiries are performed for a plethora of purposes, including mortgages, credit cards, and more.

You can still be approved for a paycheck advance loan with less than great credit in Laurens, South Carolina, if you have proof of repayment.

So, when you apply for a loan, whether it is in person or online, make sure that you have your income information available and any other documents verifying that you can repay the loan. The more evidence you possess, the better chance your loan request will be granted.

When Will I Get My Funds in Laurens, SC?

When you receive your funds really relies on the lender as some lenders provide same-day payday advance loans, which means you will see your payday advance loan on the same day you apply, as long as you're approved.

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

If you're wanting a same-day cash advance loan in Laurens, South Carolina, you will need to be sure that you're applying by 10:30 am. All same-day funds going out that day will be approved by that deadline. However, you should request a loan earlier than that if able, as it will boost the likelihood that you see your funds on the same day that you apply.

One additional factor that you should know is despite if the money lender approves your application and posts the loan to your bank, sometimes the bank won't release that deposit at that time. It's important to let your bank know that you plan to get a payday loan, so they could possibly make an exception in releasing the funds earlier.

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

Think About Borrowing From PaydayLoanRadar

If you possess underwhelming credit or no credit and are wanting to get a cash advance loan, think about applying through us, as you frequently have a higher chance of approval.

We partner with more than one hundred different lenders who offer their services online. Much of the time you will see your deposit on the following business day so ensure that you plan accordingly.

However, you can always find the closest paycheck advance loan storefront to you and apply in person to increase the chances of receiving your money on the same day. When submitting an application in person, make sure that you have your government ID or driver's license; a passport will work as well. Now and again, lenders may request proof of address, so take along a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Laurens, SC

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