Payday Loans in Tega Cay, South Carolina

Events happen, and we often end up in a spot where we have to cover some unforeseen expenses. Consider applying for a cash advance loan in Tega Cay, SC, to see if you qualify.

The loan process is fast and effortless. To be eligible, loan borrowers have to meet a few simple criteria.

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

A paycheck advance loan is where the borrower will be extended a petite amount of money on a short-term basis. This is thought of as an unsecured loan because no collateral is expected.

When unforeseen costs come up, such as past due rent or utility fees, auto fees, health or vet bills, and so on, individuals often turn to paycheck advance loans.

Payday Loan Requirements In Tega Cay, South Carolina

In Tega Cay, SC, payday loan borrowers must meet several requirements to be eligible for a loan.

The borrower is required to:

• Prove that they reside in Tega Cay, South Carolina
• Must be 18 years of age
• Receive a steady stream of income that they can prove that's at least $1,000/month
• Give current contact details including phone number and email address
• Give their social security number

If a borrower does not satisfy the above rules, they will automatically be denied a payday advance loan. Make sure you can provide the documents needed when applying.

Laws and Regulations Regarding Cash Advance Loans in Tega Cay, South Carolina

South Carolina has ruled cash advance lending legal. However, they have put forth the following rules and regulations for the cash advance lending market:

• A single money lender can't offer a loan for more than $600. Borrowers are not allowed to have more than two unpaid loans from different lenders. There is no smallest loan amount.
• There is no minimum loan term, 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 fees charged by the lender on each loan or transaction do not fall under interest. The service fees apply to every $100 loaned and can vary from 11% up to 15%.
• An interest rate must be mutually decided upon. APR can be as high as 369%.

Will Cash Advance Lenders in Tega Cay, South Carolina, Run Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we partner with will do a credit check on you, but, even if you have no credit or dismal credit, you may still be eligible for a loan provided you can prove that you can pay back the loan. Lenders are commonly unbothered by your credit history if you provide proof of income and a plan to repay the loan.

Lenders will conduct a soft credit inquiry, which will not impact your credit score. This is solely to get a feel of your credit history and general information.

A hard credit check, on the other hand, needs your explicit consent. These credit pulls are utilized for various purposes, such as mortgages, credit card applications, and more.

You may still qualify for a cash advance loan with imperfect credit in Tega Cay, South Carolina, as long as you can prove you will repay the loan.

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

When Will I Get My Cash in Tega Cay, SC?

When you receive your cash actually depends on your lender as some lenders advertise same-day paycheck advance loans, which means you will see your payday loan on the same day you submit your application, as long as you receive an approval.

Most of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses generally close for holidays and weekends. So, if you submit your application on a Friday, you might not receive your loan until Monday.

If you're searching for a same-day cash advance loan in Tega Cay, SC, you will need to be sure that you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that deadline. However, you should apply earlier than that if possible, as it will boost the likelihood that you see your deposit on the day that you apply.

One additional factor that you should be aware of is despite if the lender grants your loan request and posts the funds to your bank, sometimes the bank won't release that credit immediately. It's important to let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the deposit 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 left in the lurch if you cannot get it on the same day.

Consider Working With Us

If you have poor credit or no credit and are searching to get a payday advance loan, think about 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. Much of the time you will get your funds on the following business day so ensure that you plan appropriately.

Although, you can always locate the closest cash advance loan storefront to you and apply in person to boost the chances of getting your cash 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. Occasionally, lenders may request proof of address, so take along a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Tega Cay, SC

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