Payday Loans in Marion, South Carolina

Life happens, and we usually wind up in a situation where we have to pay for some unforeseen expenses. Consider submitting an application for a payday advance loan in Marion, South Carolina, to see if you qualify.

The application process is quick and painless. To be qualified, borrowers must satisfy a couple of simple requirements.

What is a Payday Loan? What Can It Pay For?

A payday loan is where the borrower will get a small amount of money on a short-term basis. This is deemed to be an unsecured personal loan because no collateral is needed.

When unexpected costs come up, such as missed rent or utility payments, vehicle bills, medical or vet expenditures, and so on, individuals often rely upon payday advance loans.

Paycheck Advance Loan Stipulations In Marion, SC

In Marion, South Carolina, paycheck advance loan borrowers must satisfy a few requirements to be eligible for a loan.

The borrower has to:

• Prove that they reside in Marion, South Carolina
• Must be 18 years of age
• Receive an income that they can prove that's at least $1,000 per month
• Provide current contact information such as phone number and email address
• Provide their SSN

If a borrower does not meet the above requirements, they will immediately be denied a payday loan. Ensure that you possess the documentation required when applying.

Laws and Rules Concerning Payday Loans in Marion, South Carolina

The State of South Carolina has deemed cash advance lending legal. However, they have put forth the following rules and regulations for the cash advance lending industry:

• An individual money lender cannot offer a loan for more than $600. Borrowers are not allowed to have 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 enacted by the lender on a payday loan are not considered interest. The service fees apply to each $100 loaned and can range between 11-15%.
• An interest rate must be mutually settled upon. APR can be as much as 369%.

Will Payday Advance Lenders in Marion, South Carolina, Run Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we have a relationship with will perform a credit check on you, still, even if you possess no credit or bad credit, you may still be eligible for a loan given that you can prove that you are able to repay the loan. Lenders are commonly unbothered by your credit if you offer proof of income and a plan to repay the loan.

Lenders will use a soft credit pull, which will not impact your credit score. This is solely to get a look at your credit history and general information.

A hard credit check, dissimilarly, requires your permission. These credit pulls are used for a plethora of purposes, including mortgages, credit card applications, and more.

You might still be approved for a payday loan with less than great credit in Marion, SC, if you can prove you will repay the loan.

Therefore, when you apply, whether it is in person or online, double check that you have your income information easily accessible and any other documents showing that you can repay the loan. The more evidence you show, the more likely you are to be approved.

When Will I See My Funds in Marion, South Carolina?

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

Most of the time, though, lenders will send 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 might not receive your money until Monday.

If you're looking for a same-day payday advance loan in Marion, South Carolina, you will need to ensure 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 submit an application earlier than that if possible, as it will increase the likelihood that you get your money on the day that you apply.

One additional factor that you should be aware of is despite if the money lender approves your application and posts the loan to your bank, sometimes the bank won't release that loan immediately. 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 cash earlier.

Overall, it's wise to prepare in advance to receive your deposit on the following business day. That way, you're not left in the lurch if you cannot receive it on the same day.

Consider Working With Us

If you have underwhelming credit or no credit and are looking to secure a cash advance loan, consider applying with us, as you frequently have a higher chance of approval.

We work with over one hundred different lenders who provide their services online. Frequently you will see your funds on the following business day so ensure that you plan accordingly.

Although, you can always locate the closest cash advance loan storefront to you and apply in person to boost the chances of seeing your funds on the same business day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may require proof of address, so bring a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Marion, SC

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