Payday Loans in Mount Pleasant, South Carolina

Things happen, and we usually end up in a situation where we have to cover some unexpected expenses. Think about applying for a paycheck advance loan in Mount Pleasant, SC, to see if you meet the requirements.

The loan request process is fast and painless. To be qualified, you have to satisfy a couple of basic conditions.

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

A cash advance loan is where the borrower will receive a small amount of money on a short-term contract. This is deemed to be an unsecured loan because no collateral is expected.

When unexpected expenses arise, like missed rent or utility fees, vehicle fees, medical or vet fees, and so forth, individuals usually turn to payday loans.

Paycheck Advance Loan Requirements In Mount Pleasant, South Carolina

In Mount Pleasant, SC, payday advance loan borrowers are required to meet a few stipulations to qualify for a loan.

The borrower is required to:

• Prove that they live in Mount Pleasant, South Carolina
• Must be 18 years of age
• Have a steady stream of income that they can prove that's at least $1,000/month
• Provide current contact details including phone number and email address
• Give their SSN

If a borrower does not satisfy the above rules, they will immediately be denied a payday loan. Make sure you can provide the documentation needed when submitting your application.

Laws and Regulations Concerning Paycheck Advance Loans in Mount Pleasant, South Carolina

South Carolina has deemed cash advance lending legal. Although, they have set the following rules and laws for the paycheck advance lending industry:

• A single money lender cannot offer a loan for more than $600. Borrowers are not allowed to have greater than two outstanding loans from different lenders. There is no smallest loan amount.
• There is no minimum loan term, the maximum loan term length is 31 days. In the State of South Carolina, borrowers are not allowed to rollover their loans.
• The fees and charges change for each lender. The service costs enacted by lenders on a loan do not fall under interest. The service fees apply to every $100 borrowed and can range from 11% up to 15%.
• An interest rate must be mutually settled upon. APR can be as much as 369%.

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

Yes, the lenders we work with will perform a credit check on you, but, even if you have no credit or poor 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 typically unconcerned about your credit if you possess proof of income and a strategy to repay the loan.

Lenders will perform a soft credit inquiry, which will have no impact on your credit score. This is simply to get a look at your credit history and basic information.

A hard credit check, alternatively, must have your permission. These credit pulls are used for various purposes, including mortgages, credit cards, and more.

You may still qualify for a payday loan with imperfect credit in Mount Pleasant, South Carolina, if you can prove you will repay the loan.

Therefore, when you apply, albeit in person or online, make sure that you have your income information easily accessible and any other documents proving that you can repay the loan. The more proof you have, the better chance your loan application will be approved.

When Will I Receive My Funds in Mount Pleasant, South Carolina?

When you see your money truly depends on your lender as some lenders provide same-day payday loans, which means you will receive your payday loan on the same day you request a loan, as long as you receive an approval.

Much of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses usually close for holidays and weekends. So, if you submit your application on a Friday, you might not get your loan until Monday.

If you're needing a same-day payday loan in Mount Pleasant, South Carolina, you will need to make sure you're applying by 10:30 am. All same-day payments going out that day will be approved by that deadline. However, you should request a loan earlier than that if possible, as it will boost the likelihood that you get your cash on the same day that you submit your application.

One more factor that you should know is even if the money lender approves your application and posts the deposit to your bank account, sometimes 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 could possibly make an exception in releasing the funds earlier.

Overall, it's wise to prepare in advance to receive cash on the following business day. That way, you're not surprised if you cannot get it on the same day.

Think About Borrowing From Us

If you have underwhelming credit or no credit and are needing to get a paycheck advance loan, think about applying through us, as you usually have a higher chance of approval.

We partner with hundreds of different lenders who provide their services online. Frequently you will get your funds on the following business day so ensure that you plan accordingly.

Although, you can always locate the closest cash advance loan store to you and apply in person to strengthen the chances of getting your funds on the same business day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport will work as well. Occasionally, lenders may request proof of address, so bring a utility bill to the store as well.

To locate the nearest payday loan store, please use the list below and search for your city.

Payday Loan Direct Lender Companies in Mount Pleasant, SC

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