Payday Loans in Oak Grove, South Carolina

Things happen, and we usually end up in a situation where we have to cover some unexpected expenses. Think about submitting an application for a paycheck advance loan in Oak Grove, South Carolina, to see if you meet the requirements.

The loan process is swift and painless. To qualify, loan borrowers have to meet a few basic conditions.

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

A payday advance loan is where the borrower will get a petite sum of money on a short-term basis. This is thought of as an unsecured loan because no collateral is needed.

When surprise bills come up, like past due rent or utility bills, vehicle bills, health or vet costs, and so on, individuals usually seek out paycheck advance loans.

Cash Advance Loan Criteria In Oak Grove, South Carolina

In Oak Grove, South Carolina, cash advance loan borrowers need to satisfy several requirements to qualify for a loan.

The borrower must:

• Provide proof that they reside in Oak Grove, SC
• Must be 18 years of age
• Have a steady income that they can provide proof of being at least $1,000/month
• Give current contact details including cell phone number and email address
• Give their SSN

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

Laws and Regulations Concerning Paycheck Advance Loans in Oak Grove, South Carolina

South Carolina has ruled payday advance lending legal. Although, they have created the below rules and laws for the cash advance lending industry:

• A single lender can't extend a loan for more than $600. Borrowers may not have more than two outstanding loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not set, the maximum loan term length is 31 days. In the State of South Carolina, borrowers cannot rollover their loans.
• The fees and charges change for each loan lender. The service costs charged by the lender on a loan do not fall under interest. The service fees apply to every $100 loaned and can vary between 11-15%.
• An interest rate must be mutually agreed upon. APR can be as high as 369%.

Will Paycheck Advance Lenders in Oak Grove, SC, Perform Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we partner with will run a credit check on you, still, even if you possess no credit or less than optimal credit, you may still be approved for a loan given that you can show that you can pay back the loan. Lenders are generally unbothered by your credit history if you provide proof of income and a plan to repay the loan.

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

A hard credit pull, on the other hand, must have your permission. These credit pulls are used for various purposes, such as mortgages, credit cards, and more.

You may still be approved for a payday loan with bad credit in Oak Grove, South Carolina, provided that you have proof of repayment.

So, when you apply, whether it is in person or online, double check that you have your income information at hand and any other documents proving that you can pay back the loan. The more evidence you show, the better chance your loan request will be granted.

When Will I Get My Loan in Oak Grove, SC?

When you receive your money actually relies on your lender as some lenders provide same-day paycheck advance loans, which means you will get your cash advance loan on the same day you apply, as long as you're approved.

Much of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses often close for holidays and weekends. Therefore, if you submit your application on a Friday, you may not receive your money until Monday.

If you're needing a same-day payday advance loan in Oak Grove, SC, you will need to make sure you're applying by 10:30 am. All same-day funds going out that day will be approved by that time. However, you should submit an application earlier than that if able, as it will boost the likelihood that you see your loan on the day that you apply.

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

Overall, it's wise to prepare in advance to receive your deposit on the next business day. That way, you're not left in the lurch if you cannot receive it on the same day.

Consider Borrowing From Us

If you possess poor credit or no credit and are looking to get a payday loan, think about applying through us, as you usually have a higher chance of approval.

We partner with more than one hundred different lenders who offer their services online. Most of the time you will receive your cash on the next business day so make sure that you plan correctly.

Although, you can always find the nearest cash advance loan store to you and apply in person to boost the chances of receiving your money on the same business day. When applying in person, make sure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may request proof of address, so bring a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Oak Grove, SC

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