Payday Loans in Waterloo, South Carolina

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

Company nameAddressZip codePhone number
World Finance Corporation 3093 Main Hwy, Bamberg, SC 29003 +1 (803) 245 - 0575
Republic Finance 880 Fording Island Rd, Bluffton, SC 29910 +1 (843) 757 - 0580
First Citizens Bank 11280 Asheville Hwy, Inman, SC 29349 +1 (864) 473 - 3000
Matt Webster - Mortgage Loan Officer 401 William Hilton Pkwy, Hilton Head Island, SC 29926 +1 (843) 384 - 3111
Cash Time 1301 S 5th St, Easley, SC 29642 +1 (864) 859 - 8400
Cash Loan Company 200 N Pleasantburg Dr B, Greenville, SC 29607 +1 (864) 232 - 5636
Auto Money 3310 N Main St, Anderson, SC 29621 +1 (864) 401 - 8146
World Acceptance 107 W Main St, Kingstree, SC 29556 +1 (843) 354 - 5535
Carolina Payday Loans, Inc. 1114 Richland Ave W, Aiken, SC 29801 +1 (803) 642 - 0555
Republic Finance Inc 2371 Cherry Rd, Rock Hill, SC 29732 +1 (803) 366 - 4546

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Waterloo, SC

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

29384

Are Payday Loans Legal In Waterloo, 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

Waterloo, SC payday loan calculator

Payday Loans in Waterloo, South Carolina: What You Need to Know

Life is full of surprises, and sometimes those surprises come with a price tag. When faced with unexpected expenses, a payday loan can be a useful tool to help make ends meet. These loans have become increasingly popular in South Carolina, including the small town of Waterloo. In this article, we will provide an overview of payday loans, how they work in South Carolina, and what you need to know before applying.

Understanding Payday Loans

A payday loan, also known as a cash advance loan, is a short-term loan typically due on your next payday. The loans are typically in small amounts, ranging from $50 to $1,000, and are meant to be a temporary solution to financial emergencies, such as car repairs or medical bills. These loans are often easier to obtain than traditional loans, as they do not require a credit check, but they come with high interest rates and fees.

Payday Loans in South Carolina

In South Carolina, payday loans are legal. However, there are restrictions in place to protect borrowers. The state has a cap on the loan amount, and lenders are required to follow certain guidelines regarding fees and repayment periods.

The maximum loan amount in South Carolina is $550. Lenders cannot charge more than 15% of the loan amount in fees and interest, and the loan must be repaid within 31 days. Borrowers are only allowed to have one payday loan at a time and are not allowed to roll over loans or take out new loans to pay off old ones.

What You Need to Know Before Applying

Before applying for a payday loan in Waterloo, South Carolina, there are several things you should consider:

  • Know the Costs: Payday loans come with high interest rates and fees. Be sure you understand how much the loan will cost before agreeing to the terms.
  • Consider Alternatives: Payday loans should be a last resort. Consider other options, such as borrowing from friends or family, negotiating payment plans with creditors, or finding local assistance programs.
  • Beware of Scams: Unfortunately, there are many predatory lenders out there looking to take advantage of those in need. Be sure to do your research and only work with reputable lenders.

Facts and Statistics

Did you know that in South Carolina, the average payday loan borrower takes out 10 loans per year with an average loan amount of $387? That’s a total of $3.9 billion in payday loan debt!

Furthermore, according to the South Carolina Appleseed Legal Justice Center, the majority of payday loan borrowers in the state are women, and the average borrower is 41 years old with an annual income of less than $25,000.

Apply Now

If you’re considering a payday loan in Waterloo, South Carolina, TheGuaranteedLoans can help connect you with potential lenders. Simply fill out our online application, and we will provide you with a list of lenders who may be able to help. Remember, we are a connecting service, not a direct lender, and we are committed to finding you the best possible solution for your financial needs.

In Conclusion

Payday loans can be a helpful way to cover unexpected expenses, but they come with high costs and risks. If you find yourself in need of a payday loan in Waterloo, South Carolina, be sure to do your research, understand the costs, and consider alternatives. And if you decide to move forward with a payday loan, be sure to work with a reputable lender and only borrow what you can afford to repay.

F.A.Q.

Are there any resources available to help me avoid taking out a payday loan in Waterloo, South Carolina?

Yes, there are resources available to help borrowers avoid taking out a payday loan in Waterloo, South Carolina. These may include financial education programs, credit counseling services, and assistance with budgeting and money management.

Can I be charged with a crime if I fail to repay a payday loan in Waterloo, South Carolina?

No, it is not a crime to fail to repay a payday loan in Waterloo, South Carolina. However, your lender may take legal action against you to recover the unpaid balance.