Payday Loans in Salters, South Carolina

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

Company nameAddressZip codePhone number
Quick Credit 101 NE Main St, Easley, SC 29640 +1 (864) 855 - 5686
B & B Loans 13025 Main St, Williston, SC 29853 +1 (803) 284 - 0025
Cash Well Consumer Loans 2567 Whiskey Rd, Aiken, SC 29803 +1 (803) 642 - 7805
Anderson Brothers Bank 133 N Georgetown Hwy, Johnsonville, SC 29555 +1 (843) 386 - 2950
1st Franklin Financial 2803 Church St Suite 30, Conway, SC 29526 +1 (843) 365 - 9056
1st Franklin Financial 1171 N Fraser St b, Georgetown, SC 29440 +1 (843) 520 - 1679
Regional Finance 124 Commons Pkwy, Anderson, SC 29621 +1 (864) 328 - 0084
First Citizens Bank 303 N Pearl St, Pageland, SC 29728 +1 (843) 672 - 6129
Coastal Carolina Cash 1727 Church St, Conway, SC 29526 +1 (843) 248 - 8965
Quick Credit 528 E Dekalb St, Camden, SC 29020 +1 (803) 425 - 0006

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Salters, SC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Aiken, SC, Same Day Loans in Charleston, SC, Guaranteed Loans in Columbia, SC, Online Loans in Florence, SC, Payday Loans in Goose Creek, SC, Payday Loan Without a Credit Check in Greenville, SC, Payday Loans in Hilton Head Island, SC and Payday Loan for 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 Salters, SC.

Are Payday Loans Legal In Salters, 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

Salters, SC payday loan calculator

The Ins and Outs of Payday Loans in Salters, South Carolina

Payday loans can be a helpful source of funding for those in need. In Salters, South Carolina, these loans are legal and accessible to residents. In this article, we will discuss the ins and outs of payday loans in Salters, along with regulations, requirements, and tips for getting the best deal.

What Are Payday Loans?

A payday loan is a type of short-term loan typically taken out by individuals who need quick access to funds between paychecks. These loans often come with high interest rates and fees, and are usually due within two weeks to a month.

It’s important to note that payday loans should only be used as a last resort, as they can lead to a cycle of debt and financial instability if used improperly.

The Legality of Payday Loans in Salters

Payday loans are legal in South Carolina, which means they are also available to residents of Salters. However, there are certain regulations that lenders must adhere to.

According to regulations set forth by the South Carolina State Board of Financial Institutions, lenders may loan up to $550 for a term of 31 days or less. Interest rates may not exceed 15% of the principal amount of the loan, and lenders may not charge any additional fees or charges beyond the interest rate.

The Application Process

The application process for a payday loan typically involves the following steps:

  • Fill out an application: To apply for a payday loan, you will need to provide your personal information, including your name, address, and contact information. You will also need to provide proof of income and employment.
  • Submit documentation: Along with your application, you will typically need to provide documentation verifying your income and employment, such as pay stubs or bank statements.
  • Receive approval and funding: If you are approved for a loan, you will typically receive the funds via direct deposit or check within one to two business days.
  • Repay the loan: Payday loans are typically due in full on your next payday, which means you will need to pay back the loan amount plus any associated fees and interest.

Tips for Getting the Best Deal on a Payday Loan

Here are a few tips for getting the best deal on a payday loan in Salters:

  • Compare lenders: Shop around and compare interest rates and terms from different lenders to ensure you’re getting the best deal.
  • Borrow only what you need: It’s important to borrow only what you need and can afford to pay back on your next payday to avoid falling into a cycle of debt.
  • Pay on time: Late payments can result in additional fees and charges, so it’s important to pay back your loan on time.

Interesting Facts and Statistics

According to a report by the Center for Responsible Lending, the average payday loan interest rate in South Carolina is 391%. In addition, 25% of borrowers in the state default on their payday loans.

However, it’s worth noting that not all payday loans lead to financial instability. In fact, some individuals use payday loans as a way to cover unexpected expenses and avoid more costly options, such as overdraft fees or late payment penalties.

Apply Now

If you’re in need of quick cash and are considering a payday loan in Salters, South Carolina, TheGuaranteedLoans can help. We are a connection service that can help you find a lender who meets your needs. Simply fill out our online application form, and we’ll connect you with a lender who can provide the funding you need.

Remember, payday loans should only be used as a last resort, and it’s important to borrow wisely and responsibly. With the right understanding and preparation, a payday loan can be a helpful tool for those in need.

F.A.Q.

Are there any alternatives to payday loans in Salters, South Carolina?

Yes, there are other options for borrowers who need quick access to cash in Salters, South Carolina. These may include borrowing from friends or family, applying for a small personal loan from a bank or credit union, or using a credit card.

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

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