Payday Loans in Wade Hampton, South Carolina

Life happens, and we usually find ourselves in a situation where we have to cover some unexpected bills. Think about applying for a paycheck advance loan in Wade Hampton, South Carolina, to see if you are eligible.

The loan request process is fast and simple. To be qualified, you have to meet a couple of basic requirements.

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

A payday loan is where the borrower will be extended a petite sum of money on a short-term contract. This is deemed to be an unsecured loan as no collateral is needed.

When unexpected bills arise, for example late rent or utility payments, vehicle costs, health or vet fees, and so forth, individuals often rely upon payday loans.

Payday Loan Requirements In Wade Hampton, South Carolina

In Wade Hampton, SC, cash advance loan borrowers need to satisfy several stipulations to be eligible for a loan.

The borrower must:

• Show proof that they live in Wade Hampton, South Carolina
• Must be at least 18
• Have a steady stream of income that they can prove that's at least $1,000/month
• Give current contact information like cell phone number and email address
• Give their social security number

If a borrower does not abide by the above criteria, they will immediately be denied a payday loan. Ensure that you can provide the documents needed when submitting your application.

Laws and Regulations Concerning Payday Loans in Wade Hampton, South Carolina

The State of South Carolina has deemed payday advance lending legal. Still, they have put forth the below rules and regulations for the payday lending industry:

• An individual lender cannot offer a loan greater than $600. Borrowers may not have more than two outstanding 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 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 each loan or transaction are not considered interest. The service fees apply to every $100 borrowed and can range from 11% up to 15%.
• An interest rate must be mutually agreed upon. APR can be as high as 369%.

Will Payday Lenders in Wade Hampton, SC, Run Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we work with will complete a credit check on you, still, even if you have no credit or less than stellar credit, you may still be eligible for a loan provided you can show that you can repay the loan. Lenders are generally unbothered by your credit history if you possess proof of income and a strategy to pay back the loan.

Lenders will rely on 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 pull, alternatively, must have your explicit consent. These credit inquiries are done for various purposes, such as mortgages, credit cards, and more.

You might still qualify for a payday loan with less than great credit in Wade Hampton, South Carolina, if you have proof of repayment.

So, 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 proving that you can repay the loan. The more evidence you have, the more likely your loan application will be approved.

When Will I See My Funds in Wade Hampton, SC?

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

Much of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. So, if you submit your application on a Friday, you may not get your cash until Monday.

If you're searching for a same-day cash advance loan in Wade Hampton, SC, you will need to make sure you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that cut-off. However, you should submit an application earlier than that if able, as it will increase the likelihood that you receive your money on the same day that you submit your application.

One other factor that you should be aware of is despite if the money lender grants your loan request and posts the funds to your bank account, sometimes the bank won't release that deposit right away. It's paramount that you let your bank know that you plan to get a paycheck advance loan, so they might make an exception in releasing the funds earlier.

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

Think About Working With PaydayLoanRadar

If you have less than great credit or no credit and are searching to secure a payday advance loan, think about applying with us, as you usually have a better chance of approval.

We work with hundreds of different lenders who offer their services online. Most of the time you will see your funds on the next business day so ensure that you plan accordingly.

Although, you can always find the closest payday loan storefront to you and apply in person to increase the chances of getting your loan on the same business day. When submitting an application 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 find the nearest payday advance loan storefront, please navigate to the list below and find your city.

Payday Loan Direct Lender Companies in Wade Hampton, SC

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