Payday Loans in Summerville, South Carolina

Life happens, and we often find ourselves in a place where we must pay for some unforeseen expenses. Consider applying for a cash advance loan in Summerville, South Carolina, to see if you meet the requirements.

The loan application process is swift and straightforward. To be qualified, borrowers have to satisfy a couple of general requirements.

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

A cash advance loan is where the borrower will receive a small amount of funds on a short-term basis. This is deemed to be an unsecured loan because no collateral is expected.

When unforeseen financial needs arise, such as late rent or utility expenditures, auto fixes, health or vet fees, and so on, people often rely upon cash advance loans.

Paycheck Advance Loan Stipulations In Summerville, SC

In Summerville, SC, payday loan borrowers are required to satisfy a few stipulations to be eligible for a loan.

The borrower is required to:

• Prove that they reside in Summerville, South Carolina
• Must be 18 or older
• Receive a steady stream of income that they can prove that's at least $1,000 per month
• Give current contact information such as cell phone number and email address
• Provide their social security number

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

Laws and Rules Regarding Payday Advance Loans in Summerville, SC

The State of South Carolina has deemed payday advance lending legal. Although, they have set the following rules and laws for the paycheck advance lending market:

• An individual lender can't offer a loan for more than $600. Borrowers may not have greater than two unpaid loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not determined, the longest loan term length is 31 days. In the State of South Carolina, borrowers are unable to rollover their loans.
• The fees and charges are different for each loan lender. The service costs charged by lenders on a loan do not fall under interest. The service fees apply to every $100 borrowed and can range between 11-15%.
• An interest rate is required to be mutually agreed upon. APR can be as high as 369%.

Will Cash Advance Lenders in Summerville, SC, Complete Credit Checks? What If I Have Bad/No Credit History At All?

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

Lenders will perform a soft credit pull, which will not impact your credit score. This is solely to get a look at your credit history and general information.

A hard credit check, dissimilarly, must have your permission. These credit pulls are utilized for a plethora of purposes, such as mortgages, credit cards, and more.

You might still qualify for a payday advance loan with imperfect credit in Summerville, South Carolina, as long as you have proof of repayment.

Therefore, when you apply for a loan, albeit in person or online, double check that you have your income information available and any other documents verifying that you can pay back the loan. The more proof you have, the more likely your loan request will be granted.

When Will I Get My Cash in Summerville, SC?

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

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

If you're looking for a same-day cash advance loan in Summerville, SC, you will need to ensure you're applying by 10:30 am. All same-day funds 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 get your money on the same day that you submit your application.

One other factor that you should know is even if the money lender approves your application and posts the funds to your bank account, occasionally the bank won't release that loan at that time. It's vital that you let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the funds earlier.

Overall, it's best to prepare ahead of time to get your funds 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 possess bad credit or no credit and are searching to secure a cash advance loan, think about applying with us, as you probably have a higher chance of approval.

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

Although, you can always find the closest payday loan store to you and apply in person to increase the chances of getting your loan on the same day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may request proof of address, so bring a utility bill to the store too.

To find the nearest payday loan storefront, please use the list below and locate your city.

Payday Loan Direct Lender Companies in Summerville, SC

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