Payday Loans in North Myrtle Beach, South Carolina

Life happens, and we usually end up in a spot where we must cover some unforeseen bills. Consider submitting an application for a cash advance loan in North Myrtle Beach, South Carolina, to see if you qualify.

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

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

A payday advance loan is where the borrower will receive a petite amount of cash on a short-term agreement. This is considered an unsecured personal loan because no collateral is expected.

When surprise expenses come up, such as past due rent or utility bills, car fixes, medical or vet fees, and so forth, individuals usually rely upon payday advance loans.

Cash Advance Loan Stipulations In North Myrtle Beach, SC

In North Myrtle Beach, SC, payday loan borrowers must meet several criteria to qualify for a loan.

The borrower must:

• Show proof that they reside in North Myrtle Beach, SC
• Must be 18 or older
• Receive a steady stream of income that they can prove that's at least $1,000 per month
• Provide up-to-date contact details like cell phone number and email address
• Give their SSN

If a borrower does not satisfy the above requirements, they will immediately be denied a paycheck advance loan. Ensure that you have the documents required when applying.

Laws and Rules Concerning Paycheck Advance Loans in North Myrtle Beach, South Carolina

The State of South Carolina has ruled cash advance lending legal. Still, they have put forth the following rules and regulations for the payday lending market:

• An individual lender can't offer a loan in excess of $600. Borrowers cannot take out 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 South Carolina, borrowers are not allowed to rollover their loans.
• The fees and charges are different for each money lender. The service costs enacted by lenders on each loan or transaction are not considered interest. The service fees apply to every $100 borrowed and can range between 11-15%.
• An interest rate must be mutually agreed upon. APR can be as high as 369%.

Will Cash Advance Lenders in North Myrtle Beach, SC, Run Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we have a relationship with will run a credit check on you, still, even if you have no credit or dismal credit, you might still be approved for a loan provided you can prove that you can repay the loan. Lenders are commonly unbothered by your credit history if you possess proof of income and a strategy to pay back the loan.

Lenders will rely on a soft credit check, which will not impact your credit score. This is simply to get a feel of your credit history and basic information.

A hard credit pull, on the other hand, needs your permission. These credit pulls are performed for various purposes, including mortgages, credit cards, and more.

You might still be approved for a payday advance loan with poor credit in North Myrtle Beach, South Carolina, if you can prove you will repay the loan.

Therefore, when you request a loan, albeit in person or online, make sure that you have your income information ready and any other documents verifying that you can repay the loan. The more proof you have, the better chance your loan request will be granted.

When Will I See My Money in North Myrtle Beach, SC?

When you see your deposit really relies on your lender as some lenders offer same-day paycheck advance loans, which means you will see your payday loan on the same day you request a loan, as long as you're approved.

Much of the time, however, lenders will give the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. So, if you submit your application on a Friday, you may not get your funds until Monday.

If you're searching for a same-day cash advance loan in North Myrtle Beach, SC, you will need to make sure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that time. However, you should apply earlier than that if possible, as it will increase the likelihood that you get your funds on the same day that you apply.

One other consideration that you should be aware of is even if the money lender grants your loan request and posts the loan to your bank account, occasionally the bank won't release that credit immediately. It's important to let your bank know that you plan to get a payday loan, so they could possibly make an exception in releasing the loan earlier.

On the whole, it's wise to prepare ahead of time to receive cash on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.

Think About Working With Us

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

We work with more than one hundred different lenders who offer their services online. Frequently you will see your loan on the next business day so make sure that you plan appropriately.

Although, you can always locate the nearest paycheck advance loan store to you and apply in person to boost the chances of seeing your funds 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. Occasionally, lenders may require proof of address, so take along a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in North Myrtle Beach, SC

Below you will find a list of payday loan companies offering their services in North Myrtle Beach, South Carolina. If you can't find a lender near your location in North 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.