Payday Loans in Myrtle Beach, South Carolina

Incidents happen, and we usually wind up in a place where we have to cover some unexpected costs. Consider submitting an application for a cash advance loan in Myrtle Beach, SC, to see if you qualify.

The loan application process is swift and effortless. To be qualified, you have to satisfy a couple of basic conditions.

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

A cash advance loan is where the borrower will be extended a petite sum of funds on a short-term contract. This is deemed to be an unsecured personal loan due to the fact that no collateral is needed.

When unforeseen costs present themselves, such as missed rent or utility expenditures, vehicle fees, health or vet bills, and so on, individuals commonly turn to payday advance loans.

Cash Advance Loan Criteria In Myrtle Beach, South Carolina

In Myrtle Beach, SC, cash advance loan borrowers must meet several stipulations to qualify for a loan.

The borrower must:

• Provide proof that they live in Myrtle Beach, South Carolina
• Must be at least 18
• 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
• Provide their SSN

If a borrower does not meet the above requirements, they will immediately be denied a paycheck advance loan. Make sure you have the documentation required when requesting a loan.

Laws and Regulations Concerning Payday Advance Loans in Myrtle Beach, SC

The State of South Carolina has ruled payday lending legal. However, they have created the following rules and laws for the cash advance lending market:

• A single money lender cannot extend a loan for more than $600. Borrowers are not allowed to have 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 the State of South Carolina, borrowers are not allowed to rollover their loans.
• The fees and charges are different for each lender. The service fees enacted by lenders on a loan are not considered interest. The service fees apply to each $100 loaned and can vary between 11-15%.
• An interest rate must be mutually settled upon. APR can range up to 369%.

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

Yes, the lenders we have a relationship with will do a credit check on you, still, even if you possess no credit or poor credit, you might still be eligible for a loan given that you can prove that you are able to pay back the loan. Lenders are commonly unconcerned about your credit history if you have proof of income and a plan to repay the loan.

Lenders will conduct a soft credit inquiry, which will have no impact on your credit score. This is solely to get an idea of your credit history and general information.

A hard credit inquiry, alternatively, needs your explicit consent. These credit checks are done for a plethora of purposes, such as mortgages, credit cards, and more.

You may still be approved for a payday advance loan with imperfect credit in Myrtle Beach, South Carolina, provided that you can prove you will repay the loan.

So, when you apply, whether it is in person or online, ensure 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 request will be granted.

When Will I Receive My Funds in Myrtle Beach, South Carolina?

When you get your funds actually relies on the lender as some lenders offer same-day cash advance loans, which means you will get your paycheck advance loan on the same day you submit your application, as long as you're approved.

Most of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. So, if you apply on a Friday, you may not see your funds until Monday.

If you're needing a same-day payday advance loan in Myrtle Beach, 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 time. However, you should apply earlier than that if possible, as it will boost the likelihood that you receive your funds on the same day that you apply.

One more factor that you should understand is even if the money lender grants your loan request and posts the deposit to your bank account, sometimes the bank won't release that deposit right away. It's vital that you let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the cash earlier.

On the whole, it's wise to prepare in advance to get your funds on the next business day. That way, you're not out of luck if you cannot receive it on the same day.

Think About Borrowing From PaydayLoanRadar

If you possess underwhelming credit or no credit and are needing to secure a paycheck 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. Often you will receive your money on the next business day so ensure that you plan correctly.

However, you can always locate the closest payday loan store to you and apply in person to boost the chances of receiving your cash 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 take along a utility bill to the store as well.

To locate the nearest payday loan storefront, please navigate to the list below and locate your city.

Payday Loan Direct Lender Companies in Myrtle Beach, SC

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