Payday Loans in Mauldin, South Carolina

Life happens, and we often end up in a situation where we must cover some unforeseen bills. Consider submitting an application for a cash advance loan in Mauldin, South Carolina, to see if you are eligible.

The loan request process is fast and simple. To qualify, loan borrowers must meet a few straightforward criteria.

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

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

When surprise expenses present themselves, for example late rent or utility expenditures, vehicle repairs, medical or vet expenditures, and so forth, individuals frequently seek out payday loans.

Paycheck Advance Loan Requirements In Mauldin, South Carolina

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

The borrower is required to:

• Prove that they are a resident of Mauldin, SC
• Must be 18 or older
• Have a steady income that they can prove that's at least $1,000 per month
• Provide active contact details including cell phone number and email address
• Give their social security number

If a borrower does not abide by the above requirements, they will immediately be denied a payday loan. Make sure you can provide the documentation required when applying.

Laws and Rules Concerning Paycheck Advance Loans in Mauldin, SC

The State of South Carolina has deemed payday advance lending legal. However, they have enacted the below rules and regulations for the payday lending market:

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

Will Payday Advance Lenders in Mauldin, South Carolina, Run Credit Checks? What If I Have Dismal/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 poor credit, you might still be eligible for a loan provided you can show that you can pay back the loan. Lenders are usually unbothered by your credit history if you have proof of income and a plan to repay the loan.

Lenders will rely on a soft credit check, which will not impact your credit score. This is simply to get a look at your credit history and general information.

A hard credit inquiry, dissimilarly, must have your explicit consent. These credit pulls are done for a plethora of purposes, such as mortgages, credit card applications, and more.

You can still be approved for a paycheck advance loan with imperfect credit in Mauldin, SC, if you have proof of repayment.

So, when you apply, whether it is in person or online, ensure that you have your income information at hand and any other documents showing that you can pay back the loan. The more evidence you have, the better chance your loan request will be granted.

When Will I See My Loan in Mauldin, SC?

When you get your loan truly depends on the lender as some lenders advertise same-day payday advance loans, which means you will receive your payday advance loan on the same day you request a loan, 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 usually close for holidays and weekends. So, if you submit your application on a Friday, you may not see your money until Monday.

If you're searching for a same-day payday advance loan in Mauldin, South Carolina, you will need to ensure you're applying by 10:30 am. Any and all same-day deposits going out that day will be approved by that cut-off. However, you should request a loan earlier than that if possible, as it will increase the likelihood that you get your money on the same day that you submit your application.

One more consideration that you should know is despite if the lender grants your loan request and posts the deposit to your bank, occasionally the bank won't release that loan at that time. It's paramount that you let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the money earlier.

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

Think About Borrowing From Us

If you possess less than great credit or no credit and are wanting to secure a payday advance loan, consider applying with us, as you usually have a higher chance of approval.

We work with more than one hundred different lenders who offer their services online. Frequently you will receive your loan on the next business day so make sure that you plan accordingly.

However, you can always locate the nearest payday loan store to you and apply in person to boost the chances of getting your cash 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 bring a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Mauldin, SC

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