Bad Credit? Get Approved For A Title Loan Today!

July 28, 2020 | Emma Frost

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Anyone that has dealt with bad credit knows how it can negatively impact many areas on your life. A poor credit score could prevent you from qualifying for a home, lower your renting options when it comes to an apartment or house, and force you to pay for more insurance. Your poor credit could also prevent you from being approved for a credit card or a loan from the bank. And the whole reason your poor credit started could be due to unexpected financial situations you find yourself in. Not having easy access to things like traditional loans due to your poor credit can just make your financial situation worse. That is where using your title for cash could come in handy. This option, referred to as vehicle title loans, can get you the cash you need quickly to deal with your money situation and actually allow you to be able to work on your credit. But before you get into the “how,” you’ve got to understand just what a title loan is.

What Is A Title Loan?

So, like I said, you have to understand what a car title loan is before you can understand how to use it to help your credit. It is actually very easy to understand. A title loan is a loan you get when you use your vehicle’s title as collateral. This loan differs from traditional loans because, here in South Carolina, we welcome all credit. You read that correctly; whether you have amazing credit or its currently tanking, you can still apply for the loan with us – so long as you meet our simple title loan requirements. With this loan, you can qualify for anything in between $601 - $15,000 for those unexpected situations and emergencies that pop up all the time. And in South Carolina, our process for getting started is simple and quick.

What Is Our Car Title Process?

Here in Carolina Title Loans, we give you two simple options to get started. You can either come into the store and sit down with one of our knowledgeable loan representatives or start our form online. Once you submit the form with your information, you will receive a phone call from one of our loan reps from the nearest location to you. During the phone call you can ask any questions you have and your loan rep will let you know what you have to bring in. After, you just come into one of our many South Carolina stores and finish up with some paperwork and a quick vehicle inspection to see how much you qualify for. If you want to find our locations just search for “title loan companies near me” and you will see all of our stores around you. Even if this process sounds simple enough and the money decent, you still have certain ways in which you are to use this title loan.

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How To Use A Title Loan

If you are planning on trying to fix your credit by getting rid of your debt, then that is a smart thing to do. However, if you are planning on using your title cash, that is a no go. This loan is not meant to be a permanent fix to your money issues. And it is not meant to help you pay down your debt. This loan is meant to help you out when you are going through emergencies or unexpected situations that bring big expenses you cannot handle on your own. Wondering what those kind of situations are? Well these are two examples of when you can use your title loan to help you out:

  • when you are going through emergencies either medical or in your home
  • if you need help staying afloat while trying to recover from an emergency

When You Are Going Through Emergencies

Your title loan works when you are going through emergencies – whether they are medical or in your home. We all know how expensive medical bills are. Even if you have insurance, you still may have to pick up a big part of the expense. Whether you need a surgery or just a regular stay in the hospital, it can all be pretty expensive. Your auto title loan SC can really help to lower those costs to where you can actually handle them a lot better. Now if you have a different kind of emergency – like your home needs repairs right away – your title loan can help you out in that area as well. This loan is perfect for situations that need your immediate attention, like roof damage or a burst pipe.

If You Need Help Staying Afloat

Now let’s say you can actually handle whatever emergency you are going through. You can deal with your medical bills or you can pay off your home repairs. Even if you can handle those, you still have a lot of other expenses that you can’t slack off on. Staying afloat while you pay off your emergencies can be difficult. Your title loan can also be used to make sure you can still pay for your most necessary expenses so you don’t slip further into a big financial emergency. So whether you need help paying for bills so you don’t get stuck with huge late fees or you have to pay for food, your loan can handle these situations for you for a little while.