Payday Loans in Trenton, South Carolina

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

Company nameAddressZip codePhone number
Founders Federal Credit Union 109 E 1st St, Kershaw, SC 29067 +1 (800) 845 - 1614
Approved Cash 481 SC-72 Suite #105, Greenwood, SC 29649 +1 (864) 229 - 5777
Agsouth Farm Credit ACA 4930 Burton's Ferry Hwy, Allendale, SC 29810 +1 (803) 584 - 3406
Colonial Credit Co 153 S Congress St, Winnsboro, SC 29180 +1 (803) 635 - 5055
Advance America 2541 US-76, Marion, SC 29571 +1 (843) 423 - 7405
Mortgage Centre Inc 1446 Amelia St, Orangeburg, SC 29115 +1 (803) 531 - 0808
SouthState Bank 203 S Main St, Abbeville, SC 29620 +1 (864) 366 - 9676
Security Finance 800 N Main St, Anderson, SC 29621 +1 (864) 226 - 6173
Republic Finance 880 Fording Island Rd Unit 10, Bluffton, SC 29910 +1 (843) 757 - 0580
Rainbow Loans 204 S Mill St, Manning, SC 29102 +1 (803) 433 - 9933

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Trenton, SC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Columbia, SC, Payday 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, Payday Loans in Mount Pleasant, SC, Payday Loan Companies in Myrtle Beach, SC and 24-Hour Loan in North Charleston, 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 Trenton, SC.

Beautiful sights of Trenton, SC

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

29847

Are Payday Loans Legal In Trenton, 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

Trenton, SC payday loan calculator

Payday Loans in Trenton, South Carolina: Understanding the Essentials

Payday loans are a type of short-term loan offering a quick cash solution for people in immediate financial need. These loans are often marketed as a convenient way to get money when you are short on cash or have an unexpected expense. However, they typically come with high-interest rates and short repayment periods, making them a risky financial option for some consumers.

How do Payday Loans Work in Trenton, South Carolina?

In South Carolina, payday loans are legal, and lenders can legally offer loans to borrowers who need cash. The payday loan industry is regulated by the state, which sets limitations on the maximum amount of the loan, the repayment period, and the interest rate, among other things.

A typical payday loan in Trenton, South Carolina, can range from $100 to $550, and borrowers must repay the loan within two weeks or on their next payday, whichever comes first. Lenders can charge up to 15% of the loan amount as interest, although some might charge additional fees and penalties if the borrower fails to repay the loan on time.

What are the Pros and Cons of Payday Loans?

Payday loans are a short-term solution for immediate financial needs, and they can offer some advantages over other types of loans. For instance, they are easy to obtain, and borrowers can often get the money within a few hours. Also, payday loans don’t require collateral, so people with no assets or low-income can qualify.

However, payday loans have significant disadvantages as well, and borrowers should be aware of these before applying. The interest rates and fees associated with payday loans can be incredibly high, sometimes reaching triple-digit percentages. This means that if you don’t pay on time, you can quickly find yourself in a cycle of debt, as the loan principal grows and you accumulate additional fees and penalties.

Things to Consider Before Applying for a Payday Loan in Trenton, South Carolina

Before applying for a payday loan, consider your financial situation and resources carefully. Borrow only what you need, and be sure that you can repay the loan on time without sacrificing your other financial obligations. If possible, seek alternatives to payday loans, such as small loans from credit unions, family, or friends, or investigate community programs that offer financial assistance to those in need.

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

  • South Carolina has the highest number of payday lenders per capita in the United States.
  • In 2020, over 687,000 payday loans were taken out in South Carolina, with an average interest rate of 459%.
  • 15 states and the District of Columbia have laws that prohibit payday lending, including Georgia and North Carolina.
  • In South Carolina, the maximum interest rate that payday lenders can charge is 15%, but some lenders charge additional fees and penalties.
  • The payday loan industry generates billions of dollars in revenue each year, with millions of Americans taking out payday loans annually.

Applying for a Payday Loan on TheGuaranteedLoans Website

If you need a payday loan in Trenton, South Carolina, TheGuaranteedLoans website can help you connect with potential lenders who offer short-term loans. As a connector service, TheGuaranteedLoans website doesn’t provide loans directly but links borrowers with lenders who can offer the loan they need. You can fill out an online application on the website’s homepage and get matched with a reputable lender who meets your needs. However, remember that payday loans are a short-term solution, and you should carefully consider your options before applying.

The Bottom Line

Payday loans can be an excellent option in a financial emergency, but they can also be risky and expensive. In Trenton, South Carolina, payday loan companies are legal, but the state regulates them to protect borrowers from predatory lending practices. Before applying for a payday loan, consider your options and resources carefully, and make sure that you can repay the loan on time without sacrificing your financial security.

F.A.Q.

Is it safe to take out a payday loan in Trenton, South Carolina?

Yes, payday loans are regulated by the South Carolina State Board of Financial Institutions, which ensures that lenders operate in a safe and fair manner.

Can I get a payday loan if I am unemployed or on disability in Trenton, South Carolina?

Yes, you can still qualify for a payday loan in Trenton, South Carolina if you are unemployed or on disability as long as you can provide proof of alternative income.