Payday Loans in Dorchester, South Carolina

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

Company nameAddressZip codePhone number
Auto Money Title Loans 923 E. Main Street, Laurens, SC 29360 +1 (864) 715 - 0941
Advance America 1612 N Longstreet St, Kingstree, SC 29556 +1 (843) 354 - 5167
Georgetown Kraft Credit Union 103 S Morgan Ave, Andrews, SC 29510 +1 (843) 264 - 3677
Cashwell 1342 Grove Park Dr, Orangeburg, SC 29115 +1 (803) 531 - 2025
Carolina Payday Loans, Inc. 3750 Rivers Ave a, North Charleston, SC 29405 +1 (843) 529 - 1276
Advanced Cash - North Augusta 616 Edgefield Rd, North Augusta, SC 29841 +1 (803) 426 - 8911
Auto Money Title Loans 930 Wilson Rd, Newberry, SC 29108 +1 (803) 321 - 6444
Advance America 635 Hwy. 28 Bypass, Ste. A, Anderson, SC 29624 +1 (864) 222 - 9556
Local Finance and Tax Service of Newberry SC 2038 Bear Village Ct, Newberry, SC 29108 +1 (803) 276 - 5939
Palmetto Cash Express 232 W Boyce St, Manning, SC 29102 +1 (803) 435 - 0880

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Dorchester, SC, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Aiken, SC, Emergency Loan in Charleston, SC, Payday Loans in Columbia, SC, Payday Loans in Florence, SC, Payday Loans in Goose Creek, SC, Payday Loan Companies in Greenville, SC, Emergency Loan in Hilton Head Island, SC and Quick Loan in Mount Pleasant, 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 Dorchester, SC.

Beautiful sights of Dorchester, SC

Are Payday Loans Legal In Dorchester, 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

Dorchester, SC payday loan calculator

Payday Loans in Dorchester, South Carolina: A Comprehensive Guide for Borrowers

Payday loans, also known as cash advances, are a type of short-term loan that can provide borrowers with quick access to cash. With the rising cost of living, many people in Dorchester, South Carolina, may find themselves in need of emergency funds to cover unexpected expenses or bills.

Payday loans can be a helpful option for those who need cash immediately; however, it’s important to understand the requirements and risks associated with these types of loans. In this article, we’ll explore everything you need to know about payday loans in Dorchester, South Carolina.

How Do Payday Loans Work in Dorchester, South Carolina?

In South Carolina, payday loans are legal, which means residents of Dorchester have access to these loans. Payday lenders typically offer loans with terms of up to 31 days.

Borrowers must provide government-issued identification and proof of income to qualify for a payday loan. The amount borrowers can receive depends on their income level and the lender’s policies.

In general, the borrower writes a post-dated check for the loan amount plus fees, which the lender cashes on the due date. If the borrower cannot repay the loan on the due date, they may be required to pay additional fees or interest charges.

Pros and Cons of Payday Loans in Dorchester, South Carolina

Before deciding to take out a payday loan, it’s important to understand the benefits and drawbacks. Here are some key points:

  • Pros: Quick access to cash, no credit check required
  • Cons: High fees and interest rates, short repayment terms, potential for debt cycle

Borrowers should carefully consider their options before applying for a payday loan in Dorchester. If possible, it’s best to explore other options, such as borrowing from friends or family or applying for a personal loan from a bank or credit union.

How to Apply for a Payday Loan in Dorchester, South Carolina

If you’ve decided that a payday loan is the right choice for you, the application process is relatively simple. Here’s what you need to do:

  1. Gather your identification and proof of income
  2. Research and compare lenders in Dorchester
  3. Apply online or in person at a payday loan store
  4. Provide all necessary information and wait for approval
  5. If approved, receive your loan funds immediately

Remember, TheGuaranteedLoans is a connector service, not a direct lender. We can help connect you with potential lenders in Dorchester, South Carolina.

Interesting Facts and Statistics about Payday Loans in Dorchester, South Carolina

  • According to a study by the Pew Charitable Trusts, the average payday loan borrower takes out eight loans per year, totaling $375 each, and pays $520 in interest and fees.
  • South Carolina has some of the least restrictive payday loan laws in the country, with no set limit on the amount a borrower can take out or the fees they can be charged.
  • In 2019, South Carolina lawmakers voted to expand payday lending in the state, sparking controversy and concern among consumer advocacy groups.

Apply Now for a Payday Loan in Dorchester, South Carolina

If you’re in need of emergency funds, a payday loan may be the right choice for you. TheGuaranteedLoans can help you connect with potential lenders in Dorchester, South Carolina.

We are committed to providing our customers with a hassle-free and secure service. Our online application takes just a few minutes to complete, and we’ll work to find the best lender for your needs.

Remember to only borrow what you can afford to repay, and understand the terms and risks associated with payday loans in Dorchester, South Carolina. Apply now to get started.

F.A.Q.

Can I be sued or have my wages garnished if I default on a payday loan in Dorchester, South Carolina?

Yes, if you default on a payday loan in Dorchester, South Carolina, your lender may take legal action against you. This may include suing you in court or seeking wage garnishment.

Are there any protections for military service members in Dorchester, South Carolina when it comes to payday loans?

Yes, military service members in Dorchester, South Carolina have additional protections when it comes to payday loans. Lenders are not allowed to charge more than 36% APR on loans to military service members and their dependents.