Payday Loans in Arcadia, South Carolina

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No payday loan companies in Arcadia, SC. Consider companies in other cities:

Company nameAddressZip codePhone number
AmeriCash Loans 2800 Rosewood Dr, #G, Columbia, SC 29205 +1 (803) 988 - 0755
Finova Financial 170 Meeting St F1, Charleston, SC 29401 +1 (888) 358 - 4452
Rock Hill Financial Services Inc 2002 Cherry Rd 2649, Rock Hill, SC 29732 +1 (803) 980 - 3300
TitleMax Title Secured Loans 920 E Main St Suite A, Laurens, SC 29360 +1 (864) 220 - 5056
The Citizens Bank 1718 Main St, Turbeville, SC 29162 +1 (843) 659 - 2126
Carolina Payday Loans, Inc. 1180 SC-9 Bypass, Lancaster, SC 29720 +1 (803) 286 - 4285
Regional Finance 854 Jason Blvd Suite C, Myrtle Beach, SC 29577 +1 (843) 916 - 0242
TitleMax Title Secured Loans 303 N U.S. Hwy 52 Suite A, Moncks Corner, SC 29461 +1 (843) 852 - 9649
First Citizens Bank 114 S Main St, Clio, SC 29525 +1 (843) 586 - 9212
1st Franklin Financial 535 S 5th St Suite 4, Hartsville, SC 29550 +1 (843) 332 - 5789

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Arcadia, SC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Hilton Head Island, SC, Quick Loan in Mount Pleasant, SC, Payday Loans in Myrtle Beach, SC, Payday Loans in North Charleston, SC, Payday Loan for Rock Hill, SC, No Credit Check Loans in Spartanburg, SC, Payday Loans in Summerville, SC and Short-term Loans in Sumter, SC. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Arcadia, SC.

Beautiful sights of Arcadia, SC

Payday Loans Available in Arcadia, SC By The Following ZIP Codes:

29320

Are Payday Loans Legal In Arcadia, South Carolina?

Loan Rates and Fees, Laws and Regulations in South Carolina.

South Carolina Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)391
Maximum Loan Amount$550
Minimum Loan TermNot Specified
Maximum Loan Term31 days
Number of Rollovers Allowed0
Finance Charges15% of the amount advanced

Arcadia, SC payday loan calculator

Payday Loans in Arcadia, South Carolina

Having financial struggles and unexpected expenses can be stressful, especially when you’re living paycheck-to-paycheck. Payday loans can be an option for those in need of quick cash. Payday loans are a type of short-term loan designed to be paid back on the borrower’s next payday. In this article, we will discuss how payday loans work in Arcadia, South Carolina, and provide you with important information that can help make informed decisions about payday loans.

How do Payday Loans work in Arcadia, South Carolina?

Payday loans are legal in South Carolina. In Arcadia, these loans can be issued by both brick-and-mortar stores and online lenders. To qualify for a payday loan, a borrower must be at least 18 years old, with a valid ID, social security number, and a regular source of income. In Arcadia, borrowers can receive up to $550 in payday loans, with a maximum loan term of 31 days.

Here’s how the payday loan process works:

  • The borrower fills out an application, providing personal information, income information, and bank account information.
  • The lender verifies the information provided by the borrower and determines if they are eligible for the loan.
  • If approved, the borrower receives the loan amount in cash, a check, or direct deposit into their bank account.
  • The borrower has until their next paycheck to pay back the loan, plus any fees or interest charges.

If the borrower cannot repay the loan on time, they may be able to extend the loan for an additional fee. However, this can quickly become expensive and lead to a cycle of debt. It is important to carefully consider the costs and risks of payday loans before taking one out.

Interest Rates and Fees

The interest rates and fees for payday loans in Arcadia, South Carolina are regulated by state laws. Lenders may charge up to 15% of the loan amount in fees. For example, if a borrower receives a $100 loan, they may have to pay up to $15 in fees. The Annual Percentage Rate (APR) on payday loans in South Carolina can be as high as 390%. It is important to read the loan agreement carefully and understand the total cost of the loan before accepting it.

Advantages of Payday Loans

Payday loans can be a life-saver for those in need of quick cash. Here are some advantages of payday loans:

  • They are easy to apply for and receive.
  • They can be a solution for those with bad credit or little credit history.
  • They can help borrowers avoid bounced check fees or late payment fees on bills.
  • They can help tide over until the next payday.

Disadvantages of Payday Loans

While payday loans can be helpful in the short-term, they can also come with several disadvantages:

  • They can have high fees and interest rates.
  • They can lead to a cycle of debt if not repaid on time.
  • They can negatively impact credit scores if payments are not made on time.
  • They are not a long-term solution for financial problems.

Interesting facts and statistics about Payday Loans in Arcadia, South Carolina

  • In 2020, the average payday loan amount in South Carolina was $428.
  • South Carolina has the highest number of payday lenders per capita in the United States.
  • In 2019, over 456,000 payday loans were taken out in South Carolina, with an average APR of 391%.

Apply Now

At TheGuaranteedLoans, we understand the importance of finding the right lender for your financial needs. We are not a direct lender, but we are a connector service that can help you find a lender that meets your needs. To apply for payday loans in Arcadia, South Carolina, simply fill out our online application form today. We strive to provide fast and secure services to our customers, connecting them with reputable lenders that offer affordable and fair loan terms.

We hope this article provided you with valuable information about payday loans in Arcadia, South Carolina. Remember to carefully consider the costs and risks before taking out a payday loan, and to only borrow what you can afford to pay back.

F.A.Q.

Are there any penalties for not paying back a payday loan in Arcadia, South Carolina?

Yes, if you do not pay back your payday loan in Arcadia, South Carolina, you may be subject to late fees, collection actions, and legal consequences.

Are there any restrictions on how many payday loans I can have at once in Arcadia, South Carolina?

Yes, in Arcadia, South Carolina, a borrower can only have one payday loan at a time.