Payday Loans in Orangeburg, South Carolina

Incidents happen, and we often wind up in a spot where we must pay for some surprise bills. Think about submitting an application for a paycheck advance loan in Orangeburg, SC, to see if you meet the requirements.

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

What is a Payday Advance Loan? What Can It Cover?

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

When unforeseen bills arise, like missed rent or utility payments, auto fixes, medical or vet expenditures, and so forth, individuals often rely upon paycheck advance loans.

Cash Advance Loan Requirements In Orangeburg, South Carolina

In Orangeburg, South Carolina, payday advance loan borrowers are required to meet several stipulations to qualify for a loan.

The borrower has to:

• Provide proof that they are a resident of Orangeburg, SC
• Must be 18 or older
• Receive an income that they can prove that's at least $1,000 per month
• Give current contact information like cell phone number and email address
• Provide 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 needed when requesting a loan.

Laws and Regulations Concerning Cash Advance Loans in Orangeburg, SC

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

• An individual money lender can't extend a loan greater than $600. Borrowers cannot take out greater than two active loans from different lenders. There is no smallest loan amount.
• There is no minimum loan term, the maximum loan term length is 31 days. In the State of South Carolina, borrowers cannot rollover their loans.
• The fees and charges vary for each money lender. The service fees enacted by lenders on a payday loan do not fall under 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 be as much as 369%.

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

Yes, the lenders we have a relationship with will perform a credit check on you, but, even if you have no credit or bad credit, you may still be approved for a loan provided you can show that you are able to repay the loan. Lenders are commonly unbothered by your credit history if you have proof of income and a plan to repay the loan.

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

A hard credit check, on the other hand, requires your permission. These credit checks are performed for a variety of purposes, including mortgages, credit cards, and more.

You can still qualify for a payday loan with less than great credit in Orangeburg, South Carolina, as long as you have proof of repayment.

Therefore, when you apply for a loan, albeit in person or online, ensure that you have your income information at hand and any other documents showing that you can repay the loan. The more evidence you show, the better chance your loan request will be granted.

When Will I Get My Cash in Orangeburg, SC?

When you get your money truly relies on your lender as some lenders provide same-day payday advance loans, which means you will see your payday advance loan on the same day you apply, as long as you receive an approval.

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

If you're wanting a same-day payday advance loan in Orangeburg, South Carolina, you will need to make sure you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that time. However, you should request a loan earlier than that if able, as it will boost the likelihood that you receive your cash on the day that you apply.

One more consideration that you should be aware of is despite if the lender approves your application and posts the deposit to your bank account, occasionally the bank won't release that funds at that time. It's paramount that you let your bank know that you plan to receive a cash advance loan, so they could possibly 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 out of luck if you cannot receive it on the same day.

Think About Working With PaydayLoanRadar

If you have underwhelming credit or no credit and are looking to secure a paycheck advance 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. Much of the time you will get your money on the next business day so make sure that you plan appropriately.

However, you can always locate the nearest paycheck advance loan storefront to you and apply in person to strengthen the chances of seeing your loan on the same day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may request proof of address, so bring a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Orangeburg, SC

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