Payday Loans in North Charleston, South Carolina

Events happen, and we usually find ourselves in a place where we have to cover some surprise bills. Think about applying for a payday loan in North Charleston, SC, to see if you qualify.

The loan application process is swift and simple. To be eligible, loan borrowers must meet a couple of basic criteria.

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

A payday loan is where the borrower will get a petite amount of cash on a short-term basis. This is thought of as an unsecured personal loan due to the fact that no collateral is needed.

When surprise expenses come up, for example late rent or utility costs, auto repairs, health or vet expenditures, and so forth, people usually seek out cash advance loans.

Paycheck Advance Loan Criteria In North Charleston, SC

In North Charleston, SC, payday advance loan borrowers must satisfy several criteria to qualify for a loan.

The borrower must:

• Show proof that they are a resident of North Charleston, South Carolina
• Must be at least 18
• Have an income that they can prove that's at least $1,000/month
• Give up-to-date contact information like phone number and email address
• Give their social security number

If a borrower does not abide by the above requirements, they will automatically be denied a cash advance loan. Make sure you possess the documentation required when applying for a loan.

Laws and Rules Concerning Cash Advance Loans in North Charleston, South Carolina

South Carolina has ruled paycheck advance lending legal. However, they have put forth the below rules and laws for the payday advance lending industry:

• An individual money lender can't offer a loan greater than $600. Borrowers cannot take out more than two unpaid 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 may not rollover their loans.
• The fees and charges vary for each money lender. The service fees charged by the lender on a loan are not considered interest. The service fees apply to each $100 loaned and can vary from 11% up to 15%.
• An interest rate must be mutually decided upon. APR can be as high as 369%.

Will Payday Advance Lenders in North Charleston, SC, Perform Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we partner with will perform a credit check on you, but, even if you have no credit or less than stellar credit, you might still be eligible for a loan provided you can prove that you can repay the loan. Lenders are commonly unconcerned about your credit history if you have proof of income and a strategy to repay the loan.

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

A hard credit inquiry, on the other hand, needs your explicit consent. These credit checks are used for a plethora of purposes, such as mortgages, credit card applications, and more.

You might still qualify for a payday advance loan with poor credit in North Charleston, South Carolina, provided that you have proof of repayment.

So, when you apply for a loan, albeit in person or online, ensure that you have your income information ready and any other documents verifying that you can repay the loan. The more evidence you provide, the more likely you are to be approved.

When Will I Get My Cash in North Charleston, SC?

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

Most of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses generally close for holidays and weekends. Therefore, if you submit your application on a Friday, you might not receive your cash until Monday.

If you're searching for a same-day paycheck advance loan in North Charleston, SC, you will need to ensure you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that cut-off. However, you should submit an application earlier than that if able, as it will boost the likelihood that you receive your money on the same day that you submit your application.

One other factor that you should be aware of is even if the lender approves your application and posts the credit to your bank, occasionally the bank won't release that credit immediately. It's important to let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the cash earlier.

Overall, it's wise to prepare ahead of time to get your loan 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 have bad credit or no credit and are needing to secure a paycheck advance loan, think about applying through us, as you probably have a higher chance of approval.

We partner with more than one hundred different lenders who provide their services online. Frequently you will receive your cash on the following business day so make sure that you plan correctly.

Although, you can always find the closest payday advance loan store to you and apply in person to increase the chances of seeing your money 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. Infrequently, lenders may ask for proof of address, so bring a utility bill to the store too.

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

Payday Loan Direct Lender Companies in North Charleston, SC

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