Payday Loans in Pacolet Mills, South Carolina

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

Company nameAddressZip codePhone number
Sunset Finance LLC 902 ByPass 123 a, Seneca, SC 29678 +1 (864) 888 - 3010
World Finance 4118 Rivers Ave, North Charleston, SC 29405 +1 (843) 722 - 2966
1st Franklin Financial 805J Montague Ave, Greenwood, SC 29649 +1 (864) 223 - 4303
Low Country Credit 9570 US-78 102, Ladson, SC 29456 +1 (843) 821 - 6933
National Finance Company 484 N U.S. Hwy 52 #103, Moncks Corner, SC 29461 +1 (843) 761 - 6662
Credit Central 5284-F, Calhoun Memorial Hwy, Easley, SC 29640 +1 (864) 306 - 1944
Colonial Credit Co 153 S Congress St, Winnsboro, SC 29180 +1 (803) 635 - 5055
ACE Cash Express 1420 Knox Abbott Dr, West Columbia, SC 29033 +1 (803) 739 - 2848
Home Town Of Cayce Loans 829 Knox Abbott Dr, Cayce, SC 29033 +1 (803) 926 - 1084
Loan Co 2600 W Palmetto St, Florence, SC 29501 +1 (843) 317 - 1514

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Pacolet Mills, SC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Hilton Head Island, SC, Quick Loan in Mount Pleasant, SC, Emergency Loan in Myrtle Beach, SC, 24-Hour Loan in North Charleston, SC, Payday Loans in Rock Hill, SC, No Credit Check Loans in Spartanburg, SC, Payday Loans in Summerville, SC and Payday Loans in Sumter, 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 Pacolet Mills, SC.

Are Payday Loans Legal In Pacolet Mills, 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

Pacolet Mills, SC payday loan calculator

Understanding Payday Loans in Pacolet Mills, South Carolina

If you’re looking for a short-term loan in Pacolet Mills, South Carolina, you may have come across the term payday loans. These loans are typically used by borrowers who need quick cash to cover unexpected expenses and do not have access to other forms of credit. In this article, we’ll explore the ins and outs of payday loans in Pacolet Mills, South Carolina, including the lending laws, requirements, fees, and alternatives to this type of loan.

The Legal Status of Payday Loans in Pacolet Mills, South Carolina

Yes, payday loans are legal in South Carolina, including in Pacolet Mills. The state’s lending laws regulate the maximum amount a borrower can loan and fees that lenders can charge. Licensed lenders must also abide by specific guidelines regarding loan repayment, rollovers, renewals, and collection practices to protect consumers from predatory loan practices.

Requirements to Qualify for Payday Loans in Pacolet Mills, South Carolina

Getting approved for a payday loan in Pacolet Mills is typically easy and straightforward. However, some standard requirements apply, including:

  • You must be at least 18 years old
  • You must have a valid government-issued ID
  • You must have an active checking account
  • You must have proof of income or employment

Some lenders may also require a post-dated check or electronic access to your bank account to withdraw funds on the due date.

Payday Loan Fees in Pacolet Mills, South Carolina

South Carolina law mandates that payday lenders charge a maximum fee of 15% on the loan amount, up to a maximum of $30. For example, if you borrow $200, you may be charged a maximum fee of $30. However, some lenders may charge additional fees, such as origination fees, processing fees, late fees, or nonsufficient fund fees. It’s essential to read and understand the loan agreement and ask questions before signing the contract.

Alternatives to Payday Loans in Pacolet Mills, South Carolina

Although payday loans are a quick and easy way to access cash, they’re also one of the most expensive forms of credit. If you can’t afford to repay the loan on time, you may end up paying hefty fees or getting trapped in a cycle of debt. Therefore, it’s crucial to explore other options before considering a payday loan, including:

  • Personal loans from credit unions or online lenders
  • Credit card cash advances
  • Payment plans or bill extensions from the service providers
  • Borrowing from family or friends

Facts and Statistics about Payday Loans in Pacolet Mills, South Carolina

  • In 2019, the average payday loan amount in South Carolina was $378, with a 391% APR.
  • The number of payday lending stores decreased by 33.3% from 2014 to 2019 in South Carolina.
  • South Carolina ranks sixth highest in the nation in percentage of adults who have used a payday loan, with 16.9% of residents having used a payday loan or other short-term lending product.

Apply Now

If you’ve decided that a payday loan is the best option for you, consider applying through TheGuaranteedLoans. Our online platform connects borrowers with our network of reputable lenders, so you can find a loan that fits your needs and budget. We’re not a direct lender, but rather a connector service that streamlines the application process for you. To get started, fill out our online application form and receive a loan decision in just a few minutes.

Note: Remember that payday loans should only be used for emergencies, and it’s essential to borrow only what you can afford to repay on time. Late or missed payments can negatively impact your credit score and financial future.

F.A.Q.

What should I do if I can't afford to repay my payday loan in Pacolet Mills, South Carolina?

If you are unable to repay your payday loan in Pacolet Mills, South Carolina, it is important to contact your lender immediately to discuss your options. This may include entering into a payment plan or seeking financial counseling.

What should I do if I think my payday lender is engaging in predatory or illegal practices?

If you believe your payday lender is engaging in predatory or illegal practices, you should report them to the South Carolina Department of Consumer Affairs. You can also seek legal advice from an attorney.