Do You Need Emergency Cash in Rock Hill?
An OppLoans Guide to Getting The Help You Need
Most people have times in their life when they struggle financially. If you live paycheck-to-paycheck, life can feel like a constant financial struggle. And an unforeseen financial expense, like a medical bill, can create a financial emergency. Fortunately Rock Hill, South Carolina has resources that can help people when they experience desperate financial situations.
Getting Help in Rock Hill, South Carolina
Rock Hill is a city that has all the charms of a Southern town, and it’s just twenty miles south of Charlotte making it the only sizable South Carolina city in the Charlotte metro area. With balmy summers and mild winters, Rock Hill is an ideal place to experience the comforts of small town life within a major metropolitan area. Though Rock Hill is an ideal place to live, that doesn’t mean life is easy for everyone there. Many folks in Rock Hill struggle to get by, and for these people, an unforeseen expense can create a financial emergency. Below is a list of some government and private organizations that offer help to people in need.
In a financial crisis, paying bills or rent can feel difficult or even impossible. But you shouldn’t have to make a choice to buy either food or pay for water, heat and electricity. There are government and non-profit organizations in Rock Hill that provide temporary financial assistance in times of financial crisis. The list below provides links to some of those resources:
Financial Help Resources offers a list of emergency assistance for everything from clothing to medical expenses and other resources available to the people of Rock Hill.
Rock Hill Rent Assistance has a list of resources and information about state and federal benefits in the Rock Hill area that you may be eligible for.
South Carolina Department of Social Services offers government programs that provide cash assistance, food assistance programs and other programs designed for families and individuals in need of help.
There are people in Rock Hill who wonder where they’ll sleep next, or where their next meal will come from. If you are homeless, might soon become homeless, or are in danger of losing your home through foreclosure, help is available. Below is a list of some of those resources available to the people of Rock Hill:
Housing Authority of the City of Rock Hill provides safe and affordable housing for families and individuals in Rock Hill.
Homeless Shelter Directory can help people find temporary shelter for those struggling in the Rock Hill area.
ShelterListings.org provides a list of shelters, supportive, transitional and low income housing for individuals and families in and around Rock Hill.
The Salvation Army of Rock Hill offers shelter, housing assistance and other programs for families and individuals as well as clothing and hot meals for families and individuals in Rock Hill.
Alcohol and Substance Abuse
Addiction is a disease that affects the lives of millions of people in the United States. If you or someone you know has an alcohol or substance abuse issue, there are organizations that have expertise in treating addiction. Below is a list of some of those organizations available in Rock Hill:
Alcoholics Anonymous has as a search function to help you find a meeting in Rock Hill. In addition they have information to help identify when you or a loved one has a drinking problem.
Narcotics Anonymous has meetings nationwide for people who struggle with drug abuse. Their site also has helpful information and literature on drug addiction.
After serving our country, many former military members have trouble finding jobs and re-adjusting to life back home. In fact, veterans have a 50% higher chance of becoming homeless than the average US citizen.(1) If you are a veteran and you’re homeless, might soon become homeless, need access to healthcare or help finding a job there are resources that can help you in Rock Hill. Below are links to some of those resources:
The South Carolina Division of Veteran Affairs provides benefits for former military members like tax breaks, education assistance and more.
The VA provides information to ensure that veterans get the benefits they are entitled to.
Rock Hill is a great place for seniors to retire. But still, some seniors struggle to meet their basic needs met. If you’re a senior citizen in Rock Hill and need help finding housing, getting healthcare or finding transportation there is help for you. Below are some of the resources available to the aging community of Rock Hill:
AgingCare.com can help you find available senior services in Rock Hill including legal assistance, mobility assistance and other senior care options.
SeniorResource.com offers resources for senior housing and other lifestyle opportunities.
South Carolina Office on Aging provides information and resources for seniors like disaster preparedness information, fraud prevention, housing information, transportation information and more.
Borrowing Money in Rock Hill
You might need cash, and the reason isn’t listed above. It’s still possible to get financial help in an emergency. And a loan may be your best option. But before you take out a loan, educate yourself, because Rock Hill has its share of predatory lenders. Do some research and learn the ugly truth about payday, pawn shop and car title loans.
Payday Loans in Rock Hill
A costly loan that can trap borrowers.
In a financial emergency, quick cash can sometimes solve all of your problems. And sometimes in an emergency, people take out payday loans. But you should know that though payday loans get you quick cash, they often cause deeper debt. And the truth is that payday lenders are known to prey on people in low income communities.
In a payday loan, a borrower takes out a small sum of cash, and in return they give the lender a post-dated check or their bank account information to ensure that the loan will be repaid at their next payday. The amount that the borrower must repay is the principal or original amount borrowed, plus interest and additional fees. Payday loans are available online or at storefront lenders throughout Rock Hill and the surrounding area.
The laws in South Carolina state that borrowers can take out as much as $550 through a payday loan. And payday lenders can charge as much as 390% APR for a 14-day loan and they can charge a 15% finance fee.(2)
With fees and interest rates this high, it’s no wonder that many people who take out payday loans in Rock Hill have trouble paying them back.
If you are currently involved in a payday loan, or are considering taking one out and have questions or complaints, contact the South Carolina State Board of Financial Institutions.
Title Loans in Rock Hill
Put your car on the line for a high-interest loan.
Another way to get fast cash in Rock Hill is through a title loan. If you own a car, it’s easy to qualify for one of these loans. But before you pursue a title loan, you should consider the big risks involved, including the risk of losing your car.
In a title loan, a lender holds the title to a borrower’s vehicle in exchange for a cash loan. The title is a form of collateral, meaning that if the borrower cannot pay back the loan plus interest and fees, the lender has the right to seize the borrower’s vehicle and sell it to recoup their money. This process is known as “repossession“. In title loans, you don’t just risk losing your vehicle; you also pay exorbitantly high interest rates and fees.
The majority of US states have outlawed title loans. And even states that do allow them usually regulate them heavily.
Officially, South Carolina does not allow title loans. But title lenders in the state practice a type of title loan that can be even more dangerous.(3)
The Palmetto state is one of for American states that have a loophole in their laws that allow lenders to continue their practice. South Carolina title lenders don’t offer cash loans, rather they offer open-ended lines of credit. This means that lenders can charge as much interest as they choose to with title loans. With high interest rates, these open-ended lines of credit make South Carolina loans a way to risk losing your car while taking on a lot of debt.(4)
Consider all of your options before taking out one of these risky loans. The lack of laws surrounding title loans in South Carolina make them one of the riskiest loan options in the country. If you have questions or complaints about a title loan in Rock Hill, contact the South Carolina State Board of Financial Institutions.
Pawn Shop Loans in Rock Hil
Risk losing your valuables for a small loan.
The Rock Hill area has its share of pawn shops. These are places where you can shop for vintage items or just browse. But what you might not be aware of is that pawn shops also offer cash loans at extremely high interest rates.
When you “pawn” an item you allow a lender to keep it as collateral in return for a cash loan. By using an item as collateral, you are agreeing to allow the lender to sell that item if you cannot repay the loan. This way they can make back the money loaned if you fail to repay them. So these loans come with the risk of losing an item of value for a loan that is usually for a fraction of its true worth.
In South Carolina, pawn shops can charge as much as 300% APR for a loan.(5) That translates to 25% interest per month, which is a lot of interest to pay for a little bit of cash. And that’s not to mention the additional fees these loans usually have. And all of this with the risk of losing an item that has monetary and possibly sentimental value.
If you’re considering a pawn shop loan, you should be aware of all of the benefits and risks of pawn shop loans.
Personal Installment Loans in Rock Hill
A safe loan that’s affordable and flexible.
You don’t have to settle for a predatory loan in Rock Hill. If you need a safe, affordable, flexible loan that builds credit, consider a personal installment loan from OppLoans. We offer cash loans from $1,000 to $10,000 and have fixed interest rates that are typically 70-125% lower than other personal lenders. We have repayment plans that range from 6-36 months, so you’re sure to find a loan that fits your needs. At OppLoans we provide fast, flexible, five-star service.
- Fast: Apply online and find out if you’re approved in minutes. Once approved you can get your cash as early as the next business day.
- Flexible: We offer longer terms, larger loans, and affordable, fixed payments. Your monthly payment will be the same throughout the life of the loan.
- Five-Star: Customers rate us 4.9 out of 5 stars for our friendly service. We also provide discounts for credit education.
Opploans fast and easy personal can help you build your credit and get you the cash you need in your bank account as early as the next business day. If you have less-than-perfect credit and you need a cash loan, apply online or call us at (800) 990-9130, Monday – Friday 7am to 7pm, or Saturday 9am to 4pm central time.
- “Veteran Homelessness Facts” Green Doors. Accessed March 11, 2016. https://www.greendoors.org/facts/veteran-homelessness.php.
- “Payday Loan Consumer Information” Consumer Federation of America. Accessed March 11, 2016. https://www.paydayloaninfo.org/state-information/48.
- “States That Allow Title Loans.” Investopedia. Accessed March 11, 2016. https://www.investopedia.com/articles/personal-finance/110714/states-allow-car-title-loans.asp.
- “Car-Title Loan Regulation” Consumer Federation of America. December 2012. Accessed March 11, 2016. https://www.consumerfed.org/pdfs/Resources.CTL.StateLawTermChart12.2.12.pdf.
- “50 States Pawn Shops Interest Rates and Statutes.” Online Pawn Shop Consumer Reports. Accessed March 11, 2016. https://www.pawnshopsonline.info/state-regulation-interest-rates-comparisons/.
*OppLoans is not affiliated with any of the programs, services or organizations referenced on this page.
Need a Loan? Live in South Carolina?
Need more to help you through a difficult financial situation? Opportunity Loans offers a range of cash loans in South Carolina to suit different personal lending needs and help you get back on track.
Let’s Talk Details
Our goal is to provide the most flexible and affordable loan based on your personal financial needs. We will never charge a pre-payment penalty and your payment amount will always be fixed throughout the life of your loan. In addition, our loans never have origination or application fees. Of course, we also have to work within the boundaries of all applicable state and federal regulations.
Costs and Terms of a Typical Installment Loan in the State of South Carolina
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If you have questions or concerns about your loan, please contact the Opportunity Financial Customer Support Team by phone at (800) 990-9130, Monday-Friday, 7 a.m.- 7 p.m. Central Time, or by sending an email to: firstname.lastname@example.org. If we are unable to address your questions or concerns, you can also contact your state regulatory agency:
Consumer Finance Division South Carolina
3rd Floor, Edgar Brown Building
1205 Pendleton St.
South Carolina, SC 29201
Assistant Commissioner of Consumer Finance, Jim Copeland
Assistant Commissioner of Consumer Finance, Carl Jeffcoat
Administrative Assistant, Veronica Dale
See more local South Carolina guides, and learn more about loan options in South Carolina.