Payday Loans in Moncks Corner, South Carolina

Events happen, and we often find ourselves in a place where we must pay for some unforeseen costs. Consider applying for a cash advance loan in Moncks Corner, SC, to see if you are eligible.

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

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

A payday loan is where the borrower will be extended a small amount of cash on a short-term agreement. This is considered an unsecured personal loan due to the fact that no collateral is expected.

When unexpected costs present themselves, such as missed rent or utility costs, auto costs, medical or vet bills, and so forth, people frequently rely upon cash advance loans.

Payday Advance Loan Stipulations In Moncks Corner, SC

In Moncks Corner, SC, payday loan borrowers are required to meet a few stipulations to be eligible for a loan.

The borrower is required to:

• Show proof that they live in Moncks Corner, South Carolina
• Must be at least 18
• Receive an income that they can prove that's at least $1,000 per month
• Provide up-to-date contact information like phone number and email address
• Provide their social security number

If a borrower does not satisfy the above criteria, they will automatically be denied a payday advance loan. Ensure that you have the documents needed when requesting a loan.

Laws and Rules Regarding Cash Advance Loans in Moncks Corner, SC

The State of South Carolina has deemed paycheck advance lending legal. Still, they have set the following rules and regulations for the payday lending market:

• An individual money lender cannot offer a loan in excess of $600. Borrowers cannot take out greater than two active loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not determined, the longest loan term length is 31 days. In South Carolina, borrowers are not allowed to rollover their loans.
• The fees and charges vary for each money lender. The service fees enacted by lenders on a cash advance loan are not considered interest. The service fees apply to each $100 borrowed and can range from 11% up to 15%.
• An interest rate is required to be mutually settled upon. APR can range up to 369%.

Will Payday Lenders in Moncks Corner, South Carolina, Run Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we work with will do a credit check on you, but, even if you have no credit or dismal credit, you might still be eligible for a loan as long as you can prove that you are able to pay back the loan. Lenders are usually unconcerned about your credit if you possess proof of income and a strategy to pay back the loan.

Lenders will conduct a soft credit pull, which will not impact your credit score. This is solely to get an idea of your credit history and basic information.

A hard credit check, dissimilarly, requires your explicit consent. These credit checks are done for a variety of purposes, including mortgages, credit card applications, and more.

You might still qualify for a paycheck advance loan with poor credit in Moncks Corner, SC, as long as you can prove you will repay the loan.

Therefore, when you apply for a loan, albeit in person or online, make sure that you have your income information available and any other documents showing that you can repay the loan. The more proof you have, the more likely your loan application will be approved.

When Will I Receive My Deposit in Moncks Corner, South Carolina?

When you get your cash really depends on the lender as some lenders offer same-day cash advance loans, which means you will receive your paycheck advance loan on the same day you submit your application, as long as you receive an approval.

Most of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. Because of this, if you apply on a Friday, you might not get your cash until Monday.

If you're wanting a same-day cash advance loan in Moncks Corner, 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 deadline. However, you should apply earlier than that if possible, as it will increase the likelihood that you receive your funds on the same day that you submit your application.

One more consideration that you should be aware of is despite if the money lender approves your application and posts the credit to your bank, occasionally the bank won't release that funds at that time. It's vital 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 cash earlier.

On the whole, it's best to prepare ahead of time to get your loan on the following business day. That way, you're not out of luck if you cannot get it on the same day.

Think About Working With PaydayLoanRadar

If you have less than great credit or no credit and are needing to secure 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 provide their services online. Much of the time you will get your funds on the following business day so ensure that you plan appropriately.

However, you can always locate the closest payday advance loan storefront to you and apply in person to increase the chances of getting your cash on the same day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may require proof of address, so take along a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Moncks Corner, SC

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