Payday Loans in Horatio, South Carolina

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

Company nameAddressZip codePhone number
Check `n Go 508 Pearl St, Darlington, SC 29532 +1 (843) 395 - 6004
Lendmark Financial Services 2549 Whiskey Rd, Aiken, SC 29803 +1 (803) 641 - 0559
Check n Go 2050 Columbia Rd North, Orangeburg, SC 29118 +1 (803) 536 - 4222
Check Loans 2043 W Evans St, Florence, SC 29501 +1 (843) 679 - 3232
World Finance 620 Sumter Hwy, Bishopville, SC 29010 +1 (803) 484 - 7162
Regional Finance 410 N Duncan Bypass Suite A, Union, SC 29379 +1 (864) 427 - 8255
Lendmark Financial Services LLC 1216 N Main St E, Summerville, SC 29483 +1 (843) 376 - 5637
Carolina Title Loans, Inc. 7118 Two Notch Rd, Columbia, SC 29223 +1 (803) 865 - 3004
Carolina Payday Loans, Inc. 305-A Columbia Avenue, Lexington, SC 29072 +1 (803) 808 - 1750
World Finance 1554 St Matthews Rd NE, Orangeburg, SC 29118 +1 (803) 531 - 2121

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Horatio, SC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Rock Hill, SC, Payday Loan Companies in Spartanburg, SC, Payday Loans in Summerville, SC, Quick Loan in Sumter, SC, Payday Loans in Aiken, SC, Online Loans in Charleston, SC, Emergency Loan in Columbia, SC and Payday Loans in Florence, 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 Horatio, SC.

Are Payday Loans Legal In Horatio, 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

Horatio, SC payday loan calculator

Payday Loans in Horatio, South Carolina: What You Need to Know

If you’re in Horatio, South Carolina, and find yourself in need of some extra cash, payday loans may be a viable option to consider. Although payday loans are subject to state regulation, they can be a quick and convenient solution for those who need immediate cash.

In this article, we’ll provide you with essential information about payday loans in Horatio, South Carolina. We’ll discuss what payday loans are, how they work, important things to consider before taking out a payday loan, and the benefits and drawbacks of this financial product.

What are Payday Loans?

Payday loans, also known as cash advances, are short-term loans that typically allow borrowers to access small amounts of cash quickly. Payday loans are usually due on the borrower’s next payday and are designed to help bridge the gap between paychecks.

In South Carolina, payday loans are legal and regulated by the South Carolina State Board of Financial Institutions. To qualify for a payday loan in South Carolina, borrowers must have a steady income source and an active bank account.

How Do Payday Loans Work?

To apply for a payday loan in Horatio, South Carolina, borrowers must complete an online or in-person application and provide proof of income and a bank account. Once the application is approved, borrowers will receive the loan in their bank account within one business day.

Typically, payday loans in Horatio, South Carolina, are due on the borrower’s next payday. If the borrower cannot repay the loan by the due date, they may be able to roll over the loan for an additional fee.

Important Things to Consider

Before taking out a payday loan in Horatio, South Carolina, it’s essential to consider the following:

The Interest Rates and Fees

When taking out a payday loan, borrowers should pay close attention to the interest rates and fees associated with the loan. In South Carolina, payday lenders can charge up to 15% of the loan amount in interest and fees.

The Risks of Rollovers

Rolling over a payday loan can lead to an endless cycle of debt. Borrowers should make sure they can repay the loan on time to avoid additional fees and interest charges.

The Potential Impact on Your Credit Score

Payday loans are not reported to credit bureaus in South Carolina, so paying back your loan on time will not help you build your credit history.

The Pros and Cons of Payday Loans

Here are some of the benefits and drawbacks of payday loans:

Pros

– Quick access to cash
– Easy qualification requirements
– No collateral needed

Cons

– High-interest rates and fees
– Short repayment term
– Roll-over fees can lead to debt cycles

Interesting Facts and Statistics About Payday Loans in Horatio, South Carolina

– In South Carolina, payday loan borrowers are allowed to take out a maximum of $550 in payday loans per loan agreement.

– In 2019, there were 1,056 licensed payday loan lenders in South Carolina.

– The average annual percentage rate (APR) for payday loans in South Carolina is 391%.

Apply Now

If you’re considering taking out a payday loan in Horatio, South Carolina, TheGuaranteedLoans can help connect you with potential lenders. As a connector service, we work with a network of reputable lenders to find a loan product that fits your needs.

To get started, visit our website and fill out our online application. Remember, payday loans should be used for emergencies only, and borrowers should make sure they can repay the loan on time to avoid additional fees and interest charges.

Conclusion

If you’re in a financial bind and need quick cash, payday loans in Horatio, South Carolina, can be a viable option. However, before taking out a payday loan, make sure you understand the fees, repayment terms, and risks associated with this financial product. By doing so, you can make an informed decision and avoid falling into a debt trap.

F.A.Q.

Are there any resources available to help me avoid taking out a payday loan in Horatio, South Carolina?

Yes, there are resources available to help borrowers avoid taking out a payday loan in Horatio, South Carolina. These may include financial education programs, credit counseling services, and assistance with budgeting and money management.

Can I be charged with a crime if I fail to repay a payday loan in Horatio, South Carolina?

No, it is not a crime to fail to repay a payday loan in Horatio, South Carolina. However, your lender may take legal action against you to recover the unpaid balance.