Payday Loans in West Columbia, South Carolina

Incidents happen, and we often wind up in a situation where we have to cover some surprise expenses. Think about submitting an application for a cash advance loan in West Columbia, South Carolina, to see if you meet the requirements.

The application process is quick and effortless. To be qualified, borrowers have to satisfy a couple of straightforward criteria.

What is a Payday Loan? What Can It Be Put Towards?

A paycheck advance loan is where the borrower will be extended a petite sum of cash on a short-term agreement. This is deemed to be an unsecured loan as no collateral is needed.

When unforeseen bills present themselves, like late rent or utility fees, auto costs, health or vet bills, and so forth, people frequently seek out cash advance loans.

Payday Loan Criteria In West Columbia, South Carolina

In West Columbia, South Carolina, payday loan borrowers are required to meet a few requirements to qualify for a loan.

The borrower has to:

• Provide proof that they reside in West Columbia, South Carolina
• Must be 18 or older
• Receive a steady income that they can prove that's at least $1,000/month
• Give current contact details like cell phone number and email address
• Provide their SSN

If a borrower does not meet the above criteria, they will immediately be denied a payday advance loan. Make sure you possess the documentation needed when requesting a loan.

Laws and Regulations Regarding Cash Advance Loans in West Columbia, SC

South Carolina has deemed payday advance lending legal. However, they have enacted the following rules and laws for the payday lending industry:

• An individual money lender can't extend a loan for more than $600. Borrowers are not allowed to take out more than two active loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not set, the longest loan term length is 31 days. In the State of South Carolina, borrowers may not rollover their loans.
• The fees and charges are different for each loan lender. The service fees charged by the lender on a cash advance loan do not fall under interest. The service fees apply to each $100 loaned and can vary between 11-15%.
• An interest rate is required to be mutually agreed upon. APR can range up to 369%.

Will Payday Lenders in West Columbia, South Carolina, Run Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we partner with will run a credit check on you, but, even if you possess no credit or bad credit, you might still be approved for a loan given that you can show that you can repay the loan. Lenders are generally unbothered by your credit if you provide proof of income and a plan to pay back the loan.

Lenders will perform a soft credit pull, which will not impact your credit score. This is only to get a feel of your credit history and basic information.

A hard credit pull, dissimilarly, needs your permission. These credit inquiries are used for a plethora of purposes, such as mortgages, credit cards, and more.

You may still qualify for a payday loan with poor credit in West Columbia, South Carolina, provided that you can prove you will repay the loan.

So, when you apply for a loan, albeit in person or online, ensure that you have your income information at hand and any other documents verifying that you can repay the loan. The more evidence you provide, the more likely you are to be approved.

When Will I Get My Funds in West Columbia, South Carolina?

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

Much of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. Therefore, if you submit your application on a Friday, you might not see your money until Monday.

If you're looking for a same-day paycheck advance loan in West Columbia, South Carolina, you will need to be sure that 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 apply earlier than that if possible, as it will increase the likelihood that you receive your loan on the day that you apply.

One more consideration that you should be aware of is even if the money lender grants your loan request and posts the funds to your bank account, occasionally the bank won't release that funds immediately. It's vital that you let your bank know that you plan to receive a payday loan, so they might make an exception in releasing the cash earlier.

Overall, it's best to prepare in advance to receive your funds on the following business day. That way, you're not surprised if you cannot receive it on the same day.

Consider Working With Us

If you possess underwhelming credit or no credit and are wanting to get a payday advance loan, think about applying through us, as you usually have a better chance of approval.

We partner with over one hundred different lenders who offer their services online. Most of the time you will get your deposit on the following business day so ensure that you plan appropriately.

However, you can always find the closest payday advance loan store to you and apply in person to boost the chances of getting your funds on the same day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport will work as well. Occasionally, lenders may require proof of address, so take along a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in West Columbia, SC

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