Payday Loans in Smoaks, South Carolina

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

Company nameAddressZip codePhone number
Regions Bank 1680 Jackson St, Barnwell, SC 29812 +1 (803) 591 - 7840
Farmers & Merchants Bank of SC 8624 Old State Rd, Holly Hill, SC 29059 +1 (803) 496 - 3430
Community Loans of America 1002 Savannah Hwy, Charleston, SC 29407 +1 (843) 852 - 2247
Palmetto Cash Express 232 W Boyce St, Manning, SC 29102 +1 (803) 435 - 0880
Always Money 101-B S Main St, Mauldin, SC 29662 +1 (864) 458 - 7331
Atlantic Community Bank 1 Sheridan Park Cir, Bluffton, SC 29910 +1 (843) 815 - 7111
Southern Finance 303 N Lucas St, Walterboro, SC 29488 +1 (843) 549 - 9435
Regions Bank 11004 N Jacob Smart Blvd, Ridgeland, SC 29936 +1 (843) 547 - 4130
Auto Money Title Loans 102 Red Bank Rd a, Goose Creek, SC 29445 +1 (843) 764 - 2536
Carolina Payday Loans, Inc. 803 John C Calhoun Dr, Orangeburg, SC 29115 +1 (803) 531 - 6496

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Smoaks, SC, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Rock Hill, SC, Payday Loans in Spartanburg, SC, Payday Loans in Summerville, SC, Payday Loans in Sumter, SC, Same Day Loans in Aiken, SC, Bad Credit Loans in Charleston, SC, Payday Loans 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 Smoaks, SC.

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

29481

Are Payday Loans Legal In Smoaks, 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

Smoaks, SC payday loan calculator

Everything You Need to Know About Payday Loans in Smoaks, South Carolina

Payday loans can provide a much-needed financial boost to those who are struggling to make ends meet in Smoaks, South Carolina. These short-term loans can help cover unexpected expenses and bridge the gap between paychecks. But before you decide to take out a payday loan, it’s important to understand the costs, risks, and regulations associated with these loans.

What Is a Payday Loan?

A payday loan is a short-term loan that is typically due on your next payday. These loans are designed to provide cash advances to help you cover expenses until your next paycheck arrives. Unlike other types of loans, payday loans have high interest rates and fees, which can make them costly if not paid back on time.

Are Payday Loans Legal in Smoaks, South Carolina?

Yes, payday loans are legal in South Carolina. However, there are strict regulations governing these loans, including limits on the amount you can borrow, fees you can be charged, and the number of loans you can take out at once.

How Much Can You Borrow with a Payday Loan?

In Smoaks, South Carolina, the maximum amount you can borrow with a payday loan is $550. This limit is put in place to protect consumers from getting in over their heads with debt. Keep in mind that just because you can borrow up to $550 doesn’t mean you should borrow that much. Only borrow what you need and can afford to pay back on time.

What Are the Fees and Interest Rates on Payday Loans in Smoaks, South Carolina?

The fees and interest rates on payday loans in Smoaks, South Carolina are capped by law. Lenders can charge a maximum of 15% of the total loan amount as a finance charge. For example, if you borrow $100, the maximum finance charge is $15. In addition to the finance charge, lenders can also charge a verification fee and a database fee. These fees are limited to $5 each. While these fees may seem small, they can add up quickly if you take out multiple loans.

What Are the Risks of Taking Out a Payday Loan?

Payday loans are a high-cost form of credit and should only be used as a last resort. If you’re unable to pay back the loan on time, you may be subject to additional fees and interest, which can make the loan even more expensive. In some cases, people who take out payday loans end up in a cycle of debt, borrowing money to pay off existing loans and getting deeper and deeper into debt. It’s important to carefully consider your options and make sure you can afford to pay back the loan before taking out a payday loan.

Apply Now with TheGuaranteedLoans

If you’re in need of a payday loan in Smoaks, South Carolina, TheGuaranteedLoans can help connect you with potential lenders. We’re a connector service, not a direct lender, which means we’ll help you find a lender who can provide the cash you need. To get started, simply fill out our online application. It’s quick, easy, and secure. With TheGuaranteedLoans, you can get the payday loan you need without the hassle of searching for a lender on your own.

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

  • South Carolina has the highest number of payday lenders per capita in the nation, with over 200 storefronts across the state.
  • In 2019, South Carolina lawmakers introduced a bill to cap payday loan interest rates at 36%. The bill did not pass.
  • The average payday loan in South Carolina is $437, with an average finance charge of $55.
  • According to a report by the Center for Responsible Lending, South Carolina borrowers typically take out an average of 10 payday loans per year.
  • South Carolina is one of only seven states that does not have a database to track payday loans.

Conclusion

Payday loans can be a helpful financial tool when used responsibly. If you’re in need of a payday loan in Smoaks, South Carolina, make sure to shop around for the best lender and carefully read the terms and conditions of the loan before borrowing. And remember, only borrow what you need and can afford to pay back on time.

At TheGuaranteedLoans, we understand that unexpected expenses can happen to anyone. That’s why we’re here to help connect you with potential lenders who can provide the financial assistance you need. Apply now for a payday loan in Smoaks, South Carolina and get the cash you need to cover your expenses.

F.A.Q.

Are there any penalties for not paying back a payday loan in Smoaks, South Carolina?

Yes, if you do not pay back your payday loan in Smoaks, South Carolina, you may be subject to late fees, collection actions, and legal consequences.

Are there any restrictions on how many payday loans I can have at once in Smoaks, South Carolina?

Yes, in Smoaks, South Carolina, a borrower can only have one payday loan at a time.