Charleston, South Carolina, sits on the Atlantic coast with rivers and islands all over the city. Many tourists visit Charleston for its harbors, museums, restaurants and to learn about Charleston’s history. Historical tours are some of the most popular attractions for visitors, who can reflect and learn about the city’s history. History for the state ranges in topics between tragedies like the African American slave trade, battles of the civil war, to more casual topics like architecture (which you can see in various neighborhoods) and the history of Charleston’s cuisine. 

Information on Residents of Charleston

If you live in the city with the other 408,234 residents, you probably have seen most of these attractions or gone on at least one historical tour before. With a veteran population of 28,941, many residents may be interested in learning about the war history that encompasses Charleston and the rest of South Carolina. There are 159,195 households in Charleston, mainly consisting of 2 or more people. The median household income in Charleston is $64,022. And depending on the size of your family, savings, and unexpected expenses, you may need some help from time to time, and a loan option can help. 

There are many loan options and loan companies in Charleston, SC, and finding the best one for your needs will mean examining a few things. One of the most flexible and affordable options available are personal loans—installment loans and poor credit loan options. Keep reading for more information on these loan options compared to others available for residents of Charleston. 

Details on Personal Loans, and Loan Companies in Charleston, SC That Offer Them

Personal loans are usually unsecured loans, paid back in monthly installments. They are also called installment loans or personal installment loans. Your income, credit history, and credit score will determine repayment options and interest rates. 

Several financial institutions offer loans in Charleston, SC—banks, credit unions, and online lenders. Choosing the right option for you will mean looking at the loan terms, credit eligibility, interest rates, and the loan period that a lender offers. Another thing to consider is the reputability of a potential lender. Make sure to check out past customers’ experiences, along with the legitimacy of a lender before you apply for a loan option with them. 

Although most personal loans are unsecured, some of them can be secured. You can use assets like cars, boats, real estate, and even jewelry to secure a personal loan. There are good credit personal loans and bad credit personal loans. Good credit usually is a score of 670 or higher, while bad credit is usually 629 or lower. These loans can have fixed rates, rates that stay the same, or variable rates that can change. And finally, they can be short-term (a few weeks or months) or long-term (a few months up to a few years). And so, as you can see, there are a few factors to consider when choosing your loan option in South Carolina. 

What Do I Need for a Loan?

To get through the pre-approval of a personal loan, you will need to have to fulfill a few basic requirements: Identifying documents— a driver’s license, passport, state ID, and sometimes other information such as social security card, have verifiable income (lenders accept all kinds of income), and provide proof of address. Most lenders require borrowers to have a checking/bank account. 

What Can I Use a Personal Loan for When Borrowing From Loan Companies in Charleston, SC?

Personal loan amounts can range from a minimum loan amount of a few hundred dollars up to a few thousand dollars—making them useful for various personal financial challenges. Here are a few examples: 

Home Improvement and Home Repairs

Home improvements and repairs can include new appliances, roof replacements, landscaping, anything walls or floor related, bathroom or kitchen repairs, and more. Paying for these costs may not be relatively easy or even possible for many homeowners in Charleston, who already have an average of $1,747 monthly expenses to take care of. The good news is that you can use a personal loan in Charleston to cover a portion or all of these costs. 

Debt Payment Obligations in Charleston, SC

Whether you have credit card debt or loan debt, you can use a personal loan to pay it off. Using a low-interest loan can mean reducing the costs of all your existing loans and making repayment more manageable. 

Vet Bills and Pet Care

Taking care of a pet can be expensive. Everything from grooming, pet boarding, park passes, yearly vaccines/care, medication, surgeries, and regular vet visits are just a few of the costs of pet ownership. If you cannot cover those costs out of pocket, consider a personal loan which can be relatively fast and straightforward. 

Emergency Travel

Have a destination you need to get to, don’t have a ton of time to wait, and need funds to get there? A personal loan can help you pay for gas, car rental, stays, flights, and other travel-related expenses. 

Funeral Expenses in Charleston, SC

Funerals can cost thousands of dollars, and if you face those costs for a loved one, you may need some external help. Personal loans can help you pay for a funeral quickly without spending a ton on interest rates or having to greatly deplete a well-built emergency fund, which can take years to set up.

Medical Bills

You can use personal bills to pay for medical bills and cover any medical expenses. Frequently even with insurance, you’ll have an out-of-pocket cost or deductible that can be expensive.

Dental Expenses

Whether you need braces, Invisalign, surgery, or regular cleaning, a personal loan can help you cover those costs. 

Rent or Mortgage Payments

Defaulting on rent or mortgage payments can become an emergency when it means eviction or foreclosure. If you cannot pay out of pocket, you may need to take a few steps which can include an  emergency loan to avoid eviction or foreclosure. A personal loan can help take care of essential living expenses while you get back on your feet. 

Car Repairs

Suppose your car is your primary source of transportation. In that case, repair and maintenance costs can become an emergency. Repairs can cost upwards of thousands of dollars if you require serious repairs on your vehicle, which is often more than most Americans have saved up! A personal loan can take care of those repair costs.

Large Purchases

You can use a personal loan for a car purchase, a down payment on a home, jewelry purchase, furniture, or for other large purchases.

Weddings

Catering, venues, clothing, decorations, traveling, cakes, and entertainment are just a few of the costs that can come with a wedding. If you go over budget, you may need external help. A personal loan can help you pay for these various expenses. 

Moving Costs

A personal loan can help take care of all kinds of moving costs. Whether hiring a moving team, renting the right equipment and vehicles, or simple travel expenses like gas, use the money from one of these loans to take care of the moving expenses. 

Vacations Costs

Many people choose to use credit cards when traveling; however, credit card interest rates are often much higher compared to a personal loan! And so, when thinking about your next vacation, especially with a less than perfect credit score, look at these installment loans or bad credit loans for funds. 

Personal Loan Benefits for Residents of Charleston, South Carolina? 

There are all kinds of benefits that can come with personal loans and are especially apparent when compared to other loan options; here are some benefits:

Decent Interest Rates in Charleston, South Carolina

Personal loans— installment and bad credit loan options have decent interest rates. In fact, these loans often have better interest rates even compared to good credit options like credit cards. When comparing them to subprime loans, interest rates can usually be lower and mean fewer fees.

Versatility With Loan Terms

These loans have some of the most versatile loan terms available! They can be available in different loan amounts, repaid with varying loan periods, offer different interest rates, and as highlighted above, used for all kinds of costs. 

Can Work Well for Debt Consolidation

Debt consolidation is when you borrow money through a loan and use those loan proceeds to pay off existing debt with higher interest rates. People pursue debt consolidation when they need more time to repay, want more manageable monthly payments, get better interest, or switch loan companies. These loans can work well because they offer competitive rates and flexibility with monthly payments. 

A Low Credit Score is Okay in Charleston

With a low credit score, your loan options may seem limited to quick payday loans, title loans, or cash advance options; however, that is not the case. Bad credit personal loans make funding available even if you don’t meet most credit criteria. And as mentioned above, bad credit personal loans are better with lower interest rates and fewer finance charges with loan repayment for borrowers. 

Loan Approval and the Loan Process is Fast

Don’t have a ton of time to wait for loan approval? The application process with these loans is faster than other loan options. And once you apply, you will find out whether you are approved reasonably quickly! Not all applicants will be approved for certain loans. Even finding out about denial can help you move onto other applications.

A Reasonable Time to Repay With Loan Companies in Charleston, SC

Need more than a few weeks or even more than a few months to repay your loan? The great thing about this loan is that many loan companies can personalize repayment! And so, whether you need a short-term option or a long-term option, most of these loan options can be catered to those needs. 

You Don’t Always Need Collateral

Even if you have bad credit, you don’t need collateral with a loan. Loan companies for bad credit won’t be totally focused on your credit. Instead, they will look at other factors like income and your ability to pay back the loan. 

Why Should You Choose CreditNinja as Your Loan Company in Charleston?  

CreditNinja has helped thousands of people across the country get the financial help they need, all while helping them keep their finances on track. We believe a loan option should be short-term help, while also making it easier in the long term to manage your money. We are the best place to start when looking for financial assistance in Charleston and the rest of the state! 

A Few Things That Set us Apart from Banks, Credit Unions, and Other Lenders:

  • If You Qualify, Get the Money Quickly — once approved, you can get the money you need, sometimes as soon as one business day to take care of your financial needs. 
  • No Prepayment Penalties — pay off your loan early without fees or penalties! 
  • Competitive Interest — our interest/maximum APR is highly competitive! 
  • Excellent Customer Service — finding great customer service can be difficult. However, with CreditNinja, you can rest assured that you get help with any questions you may have.
  • Bad Credit Loans for Various Credit Histories and Financial Situations— even with things like past bankruptcies or no credit history, you may be approved for a loan with us. 
  • Apply 24/7 — regardless of when you need a loan, you can fill out an application with us online, from anywhere in the country!
  • Tons of Resources Online — our website has all kinds of valuable financial information and resources that anyone can access! Whether you want to improve your credit score, learn more about loans, build savings, or manage your credit cards wisely, we have helpful articles! You can also check out our frequently asked questions pages that cover a variety of loans, including the ones we serve. 
  • Never Borrow More Money Than You Need — our loan amounts often cap at $5000. Even if we approve you for that much, you never have to borrow more money than you need. And our loan agents will never pressure you to do so!
  • No Hidden Fees With Repayment — When you borrow a loan from us, we will ensure that all the information you need is in the loan agreement. This also includes any finance charges that you can incur throughout repayment. With a transparent loan outline, you can rest assured that you won’t face any hidden finance charges while repaying your loan. 

Start With Our Team Today!

As you can see, we offer tons of flexibility, affordability, and resources with our loan options and services. And so, if you are a resident of Charleston and need some short-term financial help, we are the best place to start! We want to help you take care of your money challenges in the easiest way possible, all while maintaining your budget and financial health! Get started today, and once approved for a loan, you could have the funds sent to your bank account as soon as a single business day!

What our borrowers are saying

¹Not all loan requests are approved. Approval and loan terms vary based on credit determination and state law. Applications approved before 10:30 a.m. CT Monday – Friday are generally funded the same business day. Applications approved after this time are generally funded the next business day. Some applications may require additional verification, in which case, the loan if approved, will be funded the business day after such additional verification is completed.