Payday Loans in Society Hill, South Carolina

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

Company nameAddressZip codePhone number
Check Into Cash 114 Dreher Rd, West Columbia, SC 29169 +1 (803) 791 - 9110
Founders Federal Credit Union 1307 Boiling Springs Rd, Spartanburg, SC 29303 +1 (800) 845 - 1614
Pee Dee Finance 2910 US-76, Mullins, SC 29574 +1 (843) 431 - 9299
Southern Finance 875 Albright Rd #107, Rock Hill, SC 29730 +1 (803) 981 - 7660
Advance America 1123 Highway 9 Bypass W, Ste C, Lancaster, SC 29720 +1 (803) 285 - 6503
Cash Doctors 1354 Grove Park Dr, Orangeburg, SC 29115 +1 (803) 531 - 2559
First Check Advance 9 W Cherry St, Andrews, SC 29510 +1 (843) 264 - 8996
Carbucks of Carolina, Inc. 1742 SC-14, Landrum, SC 29356 +1 (864) 457 - 3590
Abbeville Community Federal Credit Union 603 E Greenwood St, Abbeville, SC 29620 +1 (864) 366 - 5615
York Community Financial Services 1730 Old York Rd D, York, SC 29745 +1 (803) 628 - 7300

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Society Hill, SC, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Without a Credit Check in Summerville, SC, Payday Loan for Sumter, SC, Payday Loans in Aiken, SC, Bad Credit Loans in Charleston, SC, Online Loans in Columbia, SC, Payday Loans in Florence, SC, Payday Loans in Goose Creek, SC and No Credit Check Loans in 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 Society Hill, SC.

Beautiful sights of Society Hill, SC

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

29593

Are Payday Loans Legal In Society Hill, 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

Society Hill, SC payday loan calculator

What You Need to Know About Payday Loans in Society Hill, South Carolina

If you are facing an unexpected expense or are struggling to make ends meet, you may be considering a payday loan. Payday loans are a type of short-term loan that can help you bridge the gap between paychecks. In Society Hill, South Carolina, payday loans are legal. However, it’s important to understand the risks and benefits before you apply.

How Payday Loans Work

Payday loans are designed to be a short-term solution for those in need of quick cash. Typically, borrowers can apply for a loan online or in person at a payday lender’s physical location. The loan amount is based on the borrower’s income and other factors, and must be repaid within a set timeframe, usually on the borrower’s next payday.

One of the benefits of payday loans is that they are relatively easy to obtain, even for those with poor credit or no credit history at all. In most cases, the lender will only require proof of income and a bank account. However, the ease of access often comes at a high cost. Payday loans typically have a high interest rate, which can make it difficult for borrowers to repay the loan on time and can lead to a cycle of debt.

Payday Loans in Society Hill, South Carolina

As mentioned, payday loans are legal in South Carolina. However, the state has put several regulations in place to protect borrowers from unscrupulous lenders. For example, lenders are required to be licensed by the state, and loans are capped at $550 or 25% of the borrower’s gross monthly income, whichever is less. Additionally, lenders must allow borrowers at least 31 days to repay the loan.

It’s important to note that while payday loans may be legal in South Carolina, they are not a long-term solution to financial problems. The high interest rates and short repayment terms can make it difficult for borrowers to get out of debt, and may lead to additional financial strain.

The Risks and Benefits of Payday Loans

Payday loans can be a helpful tool in certain situations, but they also come with significant risks. Some of the benefits of payday loans include:

  • Quick access to cash: Payday loans are designed to provide borrowers with quick access to cash when they need it most.
  • Easy approval: Because payday lenders don’t typically require a credit check, borrowers with poor credit or no credit history can often get approved for a loan.

However, payday loans also come with significant risks. Some of the downsides include:

  • High costs: Payday loans often come with high interest rates, which can make it difficult for borrowers to repay the loan on time and can lead to a cycle of debt.
  • Short repayment terms: Borrowers must repay the loan within a short timeframe, which can be difficult if they are already struggling to make ends meet.
  • Potential for predatory lending practices: Some payday lenders may engage in predatory lending practices, such as charging excessive fees or offering loans to those who cannot afford to repay them.

Interesting Facts and Statistics About Payday Loans in Society Hill, South Carolina

  • In 2019, South Carolina lawmakers introduced a bill that would have placed stricter regulations on payday lenders in the state, but the bill ultimately failed to pass.
  • According to data from the Center for Responsible Lending, the average interest rate on a payday loan in South Carolina is 391%.
  • In 2018, nearly 100,000 South Carolina residents took out a payday loan, according to a report from the state’s Board of Financial Institutions.
  • The same report found that the average loan amount for a payday loan in South Carolina was $387.

Apply Now

If you are considering a payday loan, it’s important to understand the risks and benefits before you apply. At TheGuaranteedLoans, we can help connect you with potential lenders who may be able to provide you with a loan that meets your needs. Remember, we are not a direct lender; we are a connector service that can help you find the right loan for your situation.

To get started, fill out our online application today. Our process is fast, easy, and secure, and we can help connect you with lenders who may be able to provide you with the cash you need. Don’t let financial stress get in the way of your life – apply for a payday loan today.

F.A.Q.

How do I apply for a payday loan in Society Hill, South Carolina?

To apply for a payday loan in Society Hill, South Carolina, you can either visit a payday lender in person or apply online. The application process typically involves providing basic personal and financial information and signing a loan agreement.

What are the potential consequences of defaulting on a payday loan in Society Hill, South Carolina?

If you default on a payday loan in Society Hill, South Carolina, the lender may pursue legal action to collect the outstanding debt. This could result in a judgment against you, which could lead to garnished wages or other consequences. It is important to repay your payday loan on time to avoid these potential consequences.