Payday Loans in Taylors, South Carolina

Incidents happen, and we often end up in a situation where we must pay for some unexpected expenses. Think about submitting an application for a payday loan in Taylors, SC, to see if you qualify.

The loan request process is quick and straightforward. To qualify, loan borrowers must meet a couple of general criteria.

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

A payday advance loan is where the borrower will be extended a petite sum of money on a short-term basis. This is considered an unsecured personal loan as no collateral is expected.

When unforeseen financial needs arise, such as late rent or utility expenditures, auto costs, medical or vet bills, and so forth, people commonly rely upon paycheck advance loans.

Payday Advance Loan Requirements In Taylors, SC

In Taylors, South Carolina, payday loan borrowers must satisfy a few requirements to be eligible for a loan.

The borrower is required to:

• Prove that they are a resident of Taylors, SC
• Must be 18 or older
• Receive a steady stream of income that they can provide proof of being at least $1,000/month
• Give active contact information like phone number and email address
• Provide their SSN

If a borrower does not meet the above criteria, they will immediately be denied a cash advance loan. Ensure that you have the documents needed when submitting your application.

Laws and Regulations Regarding Payday Loans in Taylors, South Carolina

The State of South Carolina has ruled payday lending legal. However, they have created the following rules and laws for the paycheck advance lending market:

• A single money lender cannot extend a loan in excess of $600. Borrowers may not have greater than two unpaid loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not set, the maximum 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 lender. The service fees charged by the lender on a loan do not fall under interest. The service fees apply to each $100 loaned and can range from 11% up to 15%.
• An interest rate must be mutually settled upon. APR can range up to 369%.

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

Yes, the lenders we work with will perform a credit check on you, but, even if you have no credit or poor credit, you might still be approved for a loan given that you can show that you can pay back the loan. Lenders are usually unbothered by your credit history if you possess proof of income and a strategy to pay back the loan.

Lenders will use a soft credit pull, which will have no impact on your credit score. This is solely to get a feel of your credit history and basic information.

A hard credit inquiry, alternatively, needs your explicit consent. These credit checks are performed for a variety of purposes, such as mortgages, credit card applications, and more.

You might still qualify for a payday loan with bad credit in Taylors, SC, if you can prove you will repay the loan.

Therefore, when you apply for a loan, whether it is in person or online, double check that you have your income information available and any other documents verifying that you can repay the loan. The more proof you provide, the better chance your loan application will be approved.

When Will I See My Cash in Taylors, SC?

When you receive your money truly relies on the lender as some lenders provide same-day payday advance loans, which means you will receive your paycheck advance loan on the same day you submit your application, as long as you're approved.

Much of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. Because of this, if you submit your application on a Friday, you might not see your cash until Monday.

If you're looking for a same-day cash advance loan in Taylors, SC, you will need to make sure you're applying by 10:30 am. All same-day deposits going out that day will be approved by that deadline. However, you should submit an application earlier than that if able, as it will increase the likelihood that you see your deposit on the same day that you submit your application.

One more consideration that you should be aware of is despite if the lender grants your loan request and posts the funds to your checking account, occasionally the bank won't release that credit 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 money earlier.

On the whole, it's best to prepare ahead of time to receive money on the following business day. That way, you're not surprised if you cannot receive it on the same day.

Consider Working With PaydayLoanRadar

If you have poor credit or no credit and are wanting to get a payday advance loan, think about applying with us, as you frequently 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 following business day so make sure that you plan accordingly.

However, you can always find the closest payday advance loan store to you and apply in person to strengthen 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 ask for proof of address, so take along a utility bill to the store as well.

To locate the nearest cash advance loan store, please use the list below and locate your city.

Payday Loan Direct Lender Companies in Taylors, SC

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