Payday Loans in Salem, South Carolina

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Check n Go 3433B Clemson Blvd, Anderson, SC 29621 +1 (864) 225 - 3131
Credit Central 484 N U.S. Hwy 52 Suite 107, Moncks Corner, SC 29461 +1 (843) 761 - 6047
Security Finance 157A S Congress St, Winnsboro, SC 29180 +1 (803) 635 - 5571
Local Cash Advance Johnston 602 Calhoun St, Johnston, SC 29832 +1 (803) 275 - 0301
Synovus Bank 1363 Lake Murray Blvd, Irmo, SC 29063 +1 (888) 796 - 6887
Money Man Pawn 431 N U.S. Hwy 52, Moncks Corner, SC 29461 +1 (843) 899 - 9100
Auto Money Title Loans Dillon Sc 2375 US-301, Dillon, SC 29536 +1 (843) 627 - 3575
National Finance Company 124 Willis St, Gaffney, SC 29340 +1 (864) 488 - 1428
Advance America 135 N Church St, Spartanburg, SC 29306 +1 (864) 342 - 5600
Security Finance 984 S Broad St, Clinton, SC 29325 +1 (864) 833 - 3600

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Salem, SC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Summerville, SC, No Credit Check Loans in Sumter, SC, Payday Loan for Aiken, SC, Payday Loans in Charleston, SC, Payday Loans in Columbia, SC, Payday Loans in Florence, SC, No Credit Check Loans in Goose Creek, SC and Payday Loans in Greenville, 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 Salem, SC.

Beautiful sights of Salem, SC

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

29676

Are Payday Loans Legal In Salem, 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

Salem, SC payday loan calculator

Understanding Payday Loans in Salem, South Carolina

Payday loans are a popular form of short-term lending that’s available to South Carolinians. Whether it’s a medical emergency, a car repair, or an unexpected bill, payday loans can provide you with funds to get through a difficult financial situation. As one of the most trusted financial resources, we’ve put together some important information you need to know if you’re considering a payday loan in Salem, South Carolina.

How Do Payday Loans Work?

Payday loans have a simple application process and don’t require a credit check. Instead, lenders will focus on your income and employment status to determine your eligibility. Once you’re approved, you’ll receive your funds, often within 24 hours.

Generally, payday loans have a short repayment period and must be paid back on or before your next payday. You’ll need to provide the lender with post-dated checks or authorize them to debit your bank account on your payday. The amount borrowed, plus any fees and interest, will automatically be deducted from your bank account.

Payday Loans in Salem, South Carolina

In South Carolina, payday loans are legal and regulated by the state. The maximum amount a borrower can take is $550, and the loan term cannot exceed 31 days. Lenders are also required to charge a maximum fee of 15% for every $100 borrowed, which is lower than the national average.

Salem, South Carolina, has several lenders that offer payday loans. If you’re considering applying for a payday loan in Salem, be sure to do your research and compare lenders. Look for lenders that are licensed by the state and have positive reviews from previous customers.

Interest Rates and Fees

Payday loans can come with high-interest rates and fees, so it’s important to understand the costs before applying. As previously mentioned, payday lenders in South Carolina can charge a maximum fee of 15% per $100 borrowed. For example, if you borrow $300, you can expect to pay a fee of $45.

Payday loan interest rates in South Carolina can range from 391% to as high as 782%. The rate you’ll be charged will depend on the lender and the amount you borrow.

The Risks of Payday Loans

While payday loans can be helpful in emergencies, they also come with risks. One of the biggest risks is getting trapped in a cycle of debt. Payday loans are meant to be short-term solutions, but if you’re unable to pay them back on time, the fees and interest can add up quickly. This can lead to multiple loan renewals, which can be costly and prolong your debt.

Another risk is falling into a scam. It’s important to verify that the lender you’re applying with is legitimate and licensed in South Carolina. Also, watch out for lenders that require upfront fees or ask for personal information that isn’t necessary.

Apply Now

At TheGuaranteedLoans, we understand that financial emergencies can be stressful and difficult to plan for. That’s why we offer a simple online application process to connect you with potential lenders in Salem, South Carolina. Our service is free to use, and we’ll only share your information with lenders that match your needs..

Applying is easy – simply fill out our online form and get connected with a lender that may be able to offer you a payday loan. Remember, we’re a connector service and not a direct lender, so we won’t fund your loan directly. Instead, we’ll help you connect with a potential lender to get the funds you need to cover your expenses.

Interesting Facts and Statistics about Payday Loans

  • Payday loans are legal in 37 states across the United States.
  • The average payday loan borrower takes out eight loans per year.
  • The payday loan industry generates around $9 billion in revenue each year.
  • In 2016, the Consumer Financial Protection Bureau introduced new rules to regulate payday lending, but the rules were rolled back in 2019.

Conclusion

Payday loans in Salem, South Carolina, can be a helpful option for those facing unexpected expenses. However, it’s important to understand the risks and costs associated with these loans before applying. Always do your research and compare lenders to find the best solution for your needs. And remember, if you’re struggling with debt or financial issues, there are resources available to help you get back on track.

Apply Now

Ready to apply for a payday loan in Salem, South Carolina? Fill out our easy online application form and get connected with potential lenders today!

F.A.Q.

How do I apply for a payday loan in Salem, South Carolina?

To apply for a payday loan in Salem, South Carolina, you can either visit a payday lender in person or apply online. The application process typically involves providing basic personal and financial information and signing a loan agreement.

What are the potential consequences of defaulting on a payday loan in Salem, South Carolina?

If you default on a payday loan in Salem, South Carolina, the lender may pursue legal action to collect the outstanding debt. This could result in a judgment against you, which could lead to garnished wages or other consequences. It is important to repay your payday loan on time to avoid these potential consequences.