Payday Loans in Travelers Rest, South Carolina

Life happens, and we often wind up in a situation where we must pay for some surprise expenses. Consider applying for a payday loan in Travelers Rest, South Carolina, to see if you qualify.

The loan application process is fast and effortless. To be qualified, borrowers must satisfy a few straightforward criteria.

What is a Payday Advance Loan? What Can It Pay For?

A cash advance loan is where the borrower will receive a petite amount of cash on a short-term basis. This is deemed to be an unsecured personal loan as no collateral is needed.

When surprise financial needs arise, for example missed rent or utility costs, car costs, health or vet expenditures, and so on, people often seek out payday loans.

Paycheck Advance Loan Criteria In Travelers Rest, SC

In Travelers Rest, South Carolina, paycheck advance loan borrowers must satisfy several requirements to qualify for a loan.

The borrower is required to:

• Show proof that they are a resident of Travelers Rest, South Carolina
• Must be 18 years of age
• Receive a steady income that they can provide proof of being at least $1,000 per month
• Give up-to-date contact information like phone number and email address
• Provide their SSN

If a borrower does not meet the above rules, they will automatically be denied a paycheck advance loan. Make sure you possess the documentation required when requesting a loan.

Laws and Rules Concerning Payday Loans in Travelers Rest, SC

The State of South Carolina has ruled cash advance lending legal. Although, they have enacted the below rules and regulations for the payday advance lending market:

• A single lender cannot extend a loan greater than $600. Borrowers cannot possess greater than two active 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 South Carolina, borrowers are unable to rollover their loans.
• The fees and charges change for each lender. The service fees enacted by the lender on a payday loan do not fall under interest. The service fees apply to each $100 borrowed and can range between 11-15%.
• An interest rate must be mutually settled upon. APR can range up to 369%.

Will Payday Lenders in Travelers Rest, SC, Complete Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we have a relationship with will complete a credit check on you, but, even if you possess no credit or less than optimal credit, you may still be eligible for a loan given that you can prove that you are able to pay back the loan. Lenders are typically unconcerned about your credit if you offer 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 inquiry, dissimilarly, must have your permission. These credit pulls are performed for a plethora of purposes, such as mortgages, credit cards, and more.

You might still be approved for a cash advance loan with poor credit in Travelers Rest, South Carolina, as long as you have proof of repayment.

Therefore, when you request a loan, albeit in person or online, make sure that you have your income information ready and any other documents showing that you can repay the loan. The more evidence you show, the better chance you are to be approved.

When Will I See My Funds in Travelers Rest, SC?

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

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

If you're wanting a same-day payday loan in Travelers Rest, South Carolina, you will need to make sure you're applying by 10:30 am. All same-day loans going out that day will be approved by that cut-off. 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 more consideration that you should know is despite if the money lender approves your application and posts the loan to your bank, occasionally the bank won't release that funds right away. It's important to let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the loan earlier.

On the whole, it's best to prepare ahead of time to get your deposit on the next business day. That way, you're not left in the lurch if you cannot get it on the same day.

Think About Working With PaydayLoanRadar

If you possess poor credit or no credit and are searching to secure a payday advance loan, consider applying with us, as you frequently have a better chance of approval.

We partner with hundreds of different lenders who offer their services online. Most of the time you will receive your money on the next business day so ensure that you plan correctly.

Although, you can always locate the nearest payday loan storefront to you and apply in person to boost the chances of receiving your money on the same day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may ask for proof of address, so bring a utility bill to the store as well.

To find the nearest payday loan storefront, please navigate to the list below and search for your city.

Payday Loan Direct Lender Companies in Travelers Rest, SC

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