Payday Loans in Union, South Carolina

Incidents happen, and we usually find ourselves in a situation where we have to cover some unforeseen bills. Think about submitting an application for a cash advance loan in Union, South Carolina, to see if you are eligible.

The loan process is swift and painless. To be eligible, borrowers must satisfy a few basic requirements.

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

A payday advance loan is where the borrower will be extended a petite amount of cash on a short-term contract. This is thought of as an unsecured personal loan because no collateral is required.

When surprise financial needs arise, like past due rent or utility costs, auto costs, health or vet bills, and so forth, individuals commonly rely upon payday advance loans.

Payday Loan Stipulations In Union, South Carolina

In Union, SC, cash advance loan borrowers must satisfy a few requirements to be eligible for a loan.

The borrower has to:

• Provide proof that they reside in Union, South Carolina
• Must be 18 years of age
• Have an income that they can provide proof of being at least $1,000/month
• Provide current contact details including phone number and email address
• Give their SSN

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

Laws and Regulations Regarding Payday Loans in Union, SC

South Carolina has ruled payday lending legal. Still, they have set the following rules and laws for the payday lending industry:

• A single lender cannot extend a loan in excess of $600. Borrowers cannot possess more than two unpaid 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 South Carolina, borrowers cannot rollover their loans.
• The fees and charges vary for each loan lender. The service costs enacted by the lender on a payday loan are not considered interest. The service fees apply to each $100 borrowed and can vary from 11% up to 15%.
• An interest rate must be mutually agreed upon. APR can range up to 369%.

Will Payday Advance Lenders in Union, South Carolina, Complete Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we work with will run a credit check on you, still, even if you possess no credit or less than stellar credit, you might still be eligible for a loan as long as you can prove that you can pay back the loan. Lenders are generally unconcerned about your credit if you have proof of income and a strategy to repay the loan.

Lenders will use a soft credit pull, which will not impact your credit score. This is only to get an idea of your credit history and general information.

A hard credit inquiry, alternatively, must have your permission. These credit pulls are performed for a variety of purposes, such as mortgages, credit card applications, and more.

You might still be approved for a payday advance loan with poor credit in Union, South Carolina, if you can prove you will repay the loan.

Therefore, when you apply, albeit in person or online, ensure that you have your income information ready and any other documents showing that you can pay back the loan. The more proof you provide, the more likely you are to be approved.

When Will I Get My Money in Union, SC?

When you see your loan actually relies on your lender as some lenders offer same-day payday loans, which means you will see your paycheck advance loan on the same day you apply, as long as you're approved.

Most of the time, though, lenders will give the borrower their lump sum on the next 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 payday loan in Union, SC, you will need to ensure you're applying by 10:30 am. Any and all same-day deposits going out that day will be approved by that deadline. However, you should request a loan earlier than that if able, as it will boost the likelihood that you see your funds on the same day that you apply.

One more consideration that you should understand is despite if the money lender grants your loan request and posts the funds to your bank, sometimes the bank won't release that deposit at that time. It's important to let your bank know that you plan to get a payday advance loan, so they might make an exception in releasing the money earlier.

Overall, it's wise to prepare in advance to receive cash on the next business day. That way, you're not surprised if you cannot get it on the same day.

Consider Working With Us

If you have poor credit or no credit and are wanting to secure a payday loan, think about applying with us, as you probably have a better chance of approval.

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

Although, you can always find the closest payday advance loan storefront to you and apply in person to increase the chances of getting your money on the same day. When applying in person, make sure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may require proof of address, so bring a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Union, SC

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