Payday Loans in Lugoff, South Carolina

Incidents happen, and we usually end up in a spot where we must pay for some surprise expenses. Consider submitting an application for a payday loan in Lugoff, South Carolina, to see if you qualify.

The application process is fast and painless. To qualify, you must satisfy a few basic criteria.

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

A cash advance loan is where the borrower will receive a petite amount of money on a short-term contract. This is thought of as an unsecured personal loan because no collateral is expected.

When unforeseen costs arise, such as late rent or utility costs, vehicle bills, health or vet fees, and so on, individuals often turn to paycheck advance loans.

Cash Advance Loan Criteria In Lugoff, SC

In Lugoff, SC, paycheck advance loan borrowers need to satisfy several stipulations to qualify for a loan.

The borrower has to:

• Provide proof that they live in Lugoff, SC
• Must be at least 18
• Have a steady income that they can prove that's at least $1,000 per month
• Provide active contact information like cell phone number and email address
• Give their social security number

If a borrower does not satisfy the above rules, they will immediately be denied a payday advance loan. Make sure you can provide the documents needed when applying.

Laws and Regulations Concerning Payday Loans in Lugoff, SC

The State of South Carolina has deemed paycheck advance lending legal. Still, they have put forth the following rules and laws for the paycheck advance lending market:

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

Will Payday Lenders in Lugoff, SC, Run Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we have a relationship with will complete a credit check on you, still, even if you have no credit or less than stellar credit, you may still be eligible for a loan given that you can show that you can repay the loan. Lenders are commonly unbothered by your credit history if you possess proof of income and a strategy to repay the loan.

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

A hard credit inquiry, alternatively, needs your permission. These credit pulls are used for a plethora of purposes, such as mortgages, credit cards, and more.

You might still qualify for a paycheck advance loan with poor credit in Lugoff, SC, if you can prove you will repay the loan.

So, when you request a loan, whether it is in person or online, double check that you have your income information ready and any other documents verifying that you can pay back the loan. The more evidence you show, the more likely you are to be approved.

When Will I See My Loan in Lugoff, South Carolina?

When you receive your loan really depends on your lender as some lenders provide 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, though, lenders will give the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. Therefore, if you apply on a Friday, you may not receive your money until Monday.

If you're searching for a same-day payday advance loan in Lugoff, South Carolina, you will need to ensure you're applying by 10:30 am. All same-day payments going out that day will be approved by that time. However, you should request a loan earlier than that if possible, as it will increase the likelihood that you get your funds on the same day that you submit your application.

One additional consideration that you should be aware of is even if the lender grants your loan request and posts the deposit to your bank, sometimes the bank won't release that deposit 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 funds earlier.

Overall, it's wise to prepare ahead of time to get cash on the next business day. That way, you're not left in the lurch if you cannot receive it on the same day.

Consider Working With PaydayLoanRadar

If you have poor credit or no credit and are searching to get a cash advance loan, consider applying with us, as you frequently have a better chance of approval.

We work with hundreds of different lenders who offer their services online. Often you will receive your money on the next business day so make sure that you plan correctly.

Although, you can always find the closest payday advance loan store to you and apply in person to increase the chances of getting your funds on the same day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may ask for proof of address, so take along a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Lugoff, SC

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