Payday Loans in Mount Carmel, South Carolina

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

Company nameAddressZip codePhone number
Cash Well 1242 E Main St, Rock Hill, SC 29730 +1 (803) 329 - 8801
North American Title Loans 120 US Hwy 15, 401, Bennettsville, SC 29512 +1 (843) 535 - 0750
Fidelity Investments 807 William Hilton Pkwy Suite 1301A, Hilton Head Island, SC 29928 +1 (800) 544 - 8672
Quick Credit 1000 N Pine St #40, Spartanburg, SC 29303 +1 (864) 583 - 3656
TD Bank 3205 US-17 BUS, Murrells Inlet, SC 29576 +1 (843) 651 - 3602
Advance America 1792 S Lake Dr Ste. 150, Lexington, SC 29073 +1 (803) 808 - 1191
TitleMax Title Secured Loans 100 W Shockley Ferry Rd, Anderson, SC 29624 +1 (864) 222 - 1379
Prompt Loans Inc 109 E Church St, Saluda, SC 29138 +1 (864) 445 - 7654
Check Into Cash 5060 Dorchester Rd, North Charleston, SC 29418 +1 (843) 552 - 1910
First American Cash Advance 7385 Two Notch Rd A, Columbia, SC 29223 +1 (803) 419 - 3130

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mount Carmel, SC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Goose Creek, SC, Same Day Loans in Greenville, SC, Payday Loan for Hilton Head Island, SC, Payday Loan Without a Credit Check in Mount Pleasant, SC, Payday Loan Without a Credit Check in Myrtle Beach, SC, 24-Hour Loan in North Charleston, SC, Online Loans in Rock Hill, SC and Payday Loans in Spartanburg, 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 Mount Carmel, SC.

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

29840

Are Payday Loans Legal In Mount Carmel, 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

Mount Carmel, SC payday loan calculator

The Ins and Outs of Payday Loans in Mount Carmel, South Carolina

Payday loans have been a controversial financial product for years, but they remain popular among people in need of quick cash. These loans are smaller in size than typical personal loans and are designed to be repaid on your next payday. Today, we’ll be taking a closer look at how payday loans work in Mount Carmel, South Carolina.

Are Payday Loans Legal in South Carolina?

Yes, payday loans are legal in South Carolina. However, there are certain laws and regulations in place to protect consumers from predatory lending. The South Carolina Consumer Protection Code regulates all payday lenders and specifies the terms and conditions of these loans.

The Application Process

The application process for payday loans in Mount Carmel, South Carolina, is straightforward and usually only takes a few minutes. Most lenders have an online application form that you can fill out from the comfort of your home.

In order to qualify for a payday loan, you’ll need to provide proof of your income and residency. You’ll also need to have an active checking account and be over the age of 18. Some lenders may also require a credit check or ask for references, so be prepared to provide this information as well.

The Cost of Payday Loans

The cost of payday loans in Mount Carmel, South Carolina, can vary depending on the lender and other factors. The maximum amount that you can borrow is $550, and the maximum loan term is 31 days. Lenders are allowed to charge a fee of up to 15% of the loan amount, which is capped at $17.65 per $100 borrowed.

While the fees may seem low, the annual percentage rate (APR) on payday loans can be quite high. In fact, the average APR on payday loans in South Carolina is 391%. This means that if you borrow $100 for two weeks, you’ll pay back $115 in fees and interest.

The Risks of Payday Loans

Payday loans can be a useful financial tool in some situations, but they also come with some risks. One of the biggest risks is the high cost of borrowing. As we mentioned earlier, the APR on payday loans can be astronomical, which means that they are not a good long-term solution.

Another risk of payday loans is the potential for predatory lending practices. Some unscrupulous lenders may try to take advantage of people in desperate financial situations by charging exorbitant fees or offering loans that are unaffordable. That’s why it’s important to do your research and only work with reputable lenders.

Interesting Facts and Statistics

  • South Carolina has one of the highest poverty rates in the country, with more than 13% of the population living below the poverty line.
  • In 2019, South Carolina lawmakers introduced a bill that would have capped the APR on payday loans at 36%, but the bill did not pass.
  • People who take out payday loans are more likely to file for bankruptcy than those who don’t.

Apply Now

If you’re in need of quick cash, TheGuaranteedLoans can help connect you with potential lenders offering payday loans in Mount Carmel, South Carolina. We offer a simple online application process that takes just a few minutes to complete. It’s important to remember that TheGuaranteedLoans is a connector service and not a direct lender. We’ll work with our network of lenders to find the best loan offer for you.

Don’t let unexpected expenses get you down. Apply for a Mount Carmel, South Carolina payday loan today through TheGuaranteedLoans and get the cash you need to get back on track.

F.A.Q.

What should I do if I can't afford to repay my payday loan in Mount Carmel, South Carolina?

If you are unable to repay your payday loan in Mount Carmel, South Carolina, it is important to contact your lender immediately to discuss your options. This may include entering into a payment plan or seeking financial counseling.

What should I do if I think my payday lender is engaging in predatory or illegal practices?

If you believe your payday lender is engaging in predatory or illegal practices, you should report them to the South Carolina Department of Consumer Affairs. You can also seek legal advice from an attorney.