Payday Loans in Wellford, South Carolina

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

Company nameAddressZip codePhone number
Approved Cash 1293 John C Calhoun Dr, Orangeburg, SC 29115 +1 (803) 268 - 0023
Security Finance 210 E Main St, Spartanburg, SC 29306 +1 (864) 582 - 5486
Lendmark Financial Services LLC 1069 Edgefield Rd Suite 114, North Augusta, SC 29860 +1 (803) 349 - 3850
World Finance 8610 Old State Rd, Holly Hill, SC 29059 +1 (803) 496 - 5131
Peoples Finance Company 7699 W Main St, Ridgeland, SC 29936 +1 (843) 726 - 4946
World Finance 101A W 1st Ave, Lake View, SC 29563 +1 (843) 759 - 2644
National Finance Company 112 Capital Way, Manning, SC 29102 +1 (803) 435 - 2871
Auto Money Title Loans 930 Wilson Rd, Newberry, SC 29108 +1 (803) 321 - 6444
First American Cash Advance 1573 Whiskey Rd, Aiken, SC 29803 +1 (803) 643 - 9313
Lenders Loans 5221 SC-165, Hollywood, SC 29449 +1 (843) 889 - 3235

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Wellford, SC

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

29385

Are Payday Loans Legal In Wellford, 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

Wellford, SC payday loan calculator

Understanding Payday Loans in Wellford, South Carolina

Payday loans are a type of short-term loan that is designed to help people cover unexpected expenses between paychecks. They are commonly used in situations where you need quick access to cash, but you don’t have any other options. In Wellford, South Carolina, payday loans are legal and regulated by state law. If you’re considering taking out a payday loan, here’s what you need to know.

How Payday Loans Work

Payday loans are typically issued for amounts between $100 and $1,000. The loan is supposed to be repaid in full on your next payday, usually within two weeks. To get a payday loan, you’ll need to provide proof of income and identification. Some lenders may also require a post-dated check or access to your bank account.

When you receive the loan, you’ll be charged a fee. In South Carolina, the fee is limited to 15% of the loan amount. For example, if you borrow $200, you’ll pay a fee of $30. This fee is in addition to the loan amount that you’ll need to repay when it’s due.

The Pros and Cons of Payday Loans

Payday loans can be helpful in certain situations, but they can also be expensive and risky. Here are some of the pros and cons to consider before taking out a payday loan in Wellford:

Pros:

  • Quick access to cash when you need it most.
  • Minimal requirements to qualify for a loan.
  • No collateral required.

Cons:

  • High interest rates and fees.
  • Short repayment terms that can be difficult to meet.
  • Risk of falling into a cycle of debt if you can’t repay the loan on time.

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

  • According to the South Carolina Appleseed Legal Justice Center, over 658,000 payday loans were taken out in South Carolina in 2019.
  • Wellford is a small town in South Carolina with a population of just over 2,000 people.
  • Nearly 20% of South Carolina residents live in poverty, which may contribute to the demand for payday loans in the state.

Applying for a Payday Loan in Wellford

If you’re considering a payday loan in Wellford, it’s important to do your research and choose a reputable lender. TheGuaranteedLoans is a connector service that can help you find a lender that meets your needs. Simply fill out our online application form and we’ll connect you with potential lenders. Keep in mind that we are not a direct lender and we do not make any lending decisions. You’ll need to work directly with the lender that we match you with to complete the loan process.

Conclusion

Payday loans can provide quick access to cash in Wellford and other parts of South Carolina, but they come with significant costs and risks. Before taking out a payday loan, it’s important to fully understand how they work and what your obligations will be. If you do decide to take out a payday loan, be sure to choose a reputable lender and make a plan to repay the loan on time to avoid additional fees and charges.

F.A.Q.

Are there any limitations on the amount I can borrow with a payday loan in Wellford, South Carolina?

Yes, the maximum amount that can be borrowed with a payday loan in Wellford, South Carolina is $550.

Do I need to have good credit to get a payday loan in Wellford, South Carolina?

No, payday loans are designed for people with poor credit and do not require a credit check.