Payday Loans in Murrells Inlet, South Carolina

Life happens, and we usually find ourselves in a spot where we must pay for some unforeseen costs. Consider applying for a payday advance loan in Murrells Inlet, SC, to see if you qualify.

The loan request process is fast and simple. To qualify, borrowers have to satisfy a couple of simple requirements.

What is a Payday Loan? What Can It Cover?

A payday loan is where the borrower will be extended a small sum of money on a short-term contract. This is thought of as an unsecured personal loan due to the fact that no collateral is required.

When unexpected bills come up, like late rent or utility payments, car fees, health or vet payments, and so forth, people usually rely upon payday advance loans.

Payday Advance Loan Stipulations In Murrells Inlet, South Carolina

In Murrells Inlet, SC, cash advance loan borrowers must meet several criteria to be eligible for a loan.

The borrower has to:

• Provide proof that they reside in Murrells Inlet, SC
• Must be 18 years of age
• Receive an income that they can prove that's at least $1,000/month
• Give up-to-date contact information including phone number and email address
• Provide their SSN

If a borrower does not satisfy the above rules, they will immediately be denied a paycheck advance loan. Ensure that you can provide the documentation required when applying.

Laws and Rules Regarding Payday Loans in Murrells Inlet, South Carolina

South Carolina has deemed cash advance lending legal. Although, they have put forth the following rules and regulations for the payday advance lending industry:

• An individual lender cannot offer a loan in excess of $600. Borrowers are not allowed to take out greater than two active loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not determined, the maximum loan term length is 31 days. In South Carolina, borrowers are not allowed to rollover their loans.
• The fees and charges change for each loan lender. The service fees enacted by the lender on a payday loan do not fall under interest. The service fees apply to every $100 borrowed and can vary between 11-15%.
• An interest rate must be mutually decided upon. APR can be as much as 369%.

Will Payday Lenders in Murrells Inlet, SC, Complete Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we have a relationship with will do a credit check on you, but, even if you possess no credit or dismal credit, you might still be approved for a loan provided 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 perform a soft credit pull, which will have no impact on your credit score. This is solely to get a feel of your credit history and basic information.

A hard credit inquiry, dissimilarly, requires your explicit consent. These credit pulls are done for various purposes, including mortgages, credit cards, and more.

You can still be approved for a cash advance loan with poor credit in Murrells Inlet, South Carolina, 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 at hand and any other documents verifying that you can repay the loan. The more evidence you provide, the more likely your loan application will be approved.

When Will I Receive My Money in Murrells Inlet, South Carolina?

When you see your cash actually relies on the lender as some lenders advertise same-day payday loans, which means you will receive your cash advance loan on the same day you submit your application, as long as you receive an approval.

Much of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. Because of this, if you apply on a Friday, you may not receive your money until Monday.

If you're looking for a same-day payday loan in Murrells Inlet, South Carolina, you will need to be sure that you're applying by 10:30 am. All same-day payments going out that day will be approved by that deadline. However, you should apply earlier than that if able, as it will increase the likelihood that you receive your money on the same day that you apply.

One more consideration that you should be aware of is even if the lender grants your loan request and posts the credit to your bank account, occasionally the bank won't release that loan immediately. It's vital 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 money earlier.

Overall, it's wise to prepare ahead of time to get your funds on the next business day. That way, you're not out of luck if you cannot get it on the same day.

Consider Borrowing From Us

If you possess less than great credit or no credit and are looking to get a payday loan, consider applying with us, as you most likely have a better chance of approval.

We partner with hundreds of different lenders who provide their services online. Often you will see your money on the following business day so ensure that you plan appropriately.

Although, you can always find the closest cash advance loan storefront to you and apply in person to increase the chances of receiving your funds on the same day. When applying 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 bring a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Murrells Inlet, SC

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