How Do I Know Which Car Title Loan Place To Borrow From?
June 14, 2021 | June Mckaig
If you’re in a bit of financial difficulty, you might already be considering getting a Charleston title cash loan to alleviate the strain. Here’s what you need to consider while checking out car title loan places before settling on the lender you wish to work with.
Make Sure To Choose The Right Car Title Loan Places
1. Check Out Customer Reviews
Start your hunt for Charleston title cash from the bottom – check out what the customers have to save about car title loan places near you.
There are plenty of lenders in Charleston, including us at Carolina Title Loans, Inc., so you might want to start by asking around among your friends. Even if their experiences were bad, that’s still information that’s beneficial for you – now you know which lenders you should consider last.
When you deal with us, you don’t have to search far and wide for our locations. Just use our store locator to find all the South Carolina locations we have available for you.
2. Compare The List Of Required Items
Different car title loan places have different lists of required items. With us, we don’t require you to bring too many items.
A good title loan place shouldn’t try to tie you up in bureaucracy. If the lender is asking for a dozen documents, with most of them only loosely connected to a title loan – like car insurance and car registration – on top of the title it’s a good indication their process might be needlessly complicated.
For comparison, Carolina Title Loans, Inc. only asks for valid state-issued identification, your vehicle for inspection, and that vehicle’s lien-free title.
3. Check If The Lender Accommodates The Borrower’s Credit Situation
Most car title loan places accommodate the borrower’s credit situation – but not all. One of the biggest appeals of title loans is that you should be eligible regardless of your credit – like we do at Carolina Title Loans, Inc. with most of our title loan amounts.
If the store doesn’t mention being open to all types of credit, you might be better off looking for another lender. And, like we just mentioned, you’re eligible for South Carolina Title Loans even if you have no credit history to speak off.
4. Check If The Lender Accommodates Your Employment Status
Title loans are secured loans – you’re putting up your car title as collateral to protect the lender’s assets.
A good lender uses this security to make its approval policies easier. Some car title loan places don’t even ask for proof of income for title loans – like us at Carolina Title Loans, Inc. And some ask for proof of income but don’t necessarily require it to be a pay stub so you should be able to use means such as unemployment or pension as proof of income. And others may ask for a pay stub unequivocally.
The lenders who don’t require proof of income typically have easier approval policies. Come talk to us for more details about our repayment policy and what you can pay the loan back with.
5. Check If The Lender Will Keep Your Car
The lender always taking away your car for the duration of the loan payoff is a bad misconception. While some car title loan places may ask for you to leave your car with them while paying off the loan, others won’t.
When it comes to Carolina Title Loans, Inc., we are not interested in keeping your vehicle. We are keeping the title as collateral – that means the title stays with us while the vehicle stays with you. As long as you keep up with the repayment schedule, you can keep and use your vehicle whenever you want.
6. Check How Long You’ll Have To Wait Before Getting The Cash
One of the biggest upsides title loans have over traditional bank loans is the simplicity and quickness of the procedure.
If the car title loan places you’re checking out require more than a couple of days to approve you for the loan, you shouldn’t even consider working with them.
The better options usually don’t require more than an hour to determine if you should be approved, and if you do get approved, they’ll make sure you receive the cash in less than a day. With Carolina Title Loans, Inc., we have made sure to make our process simple and convenient.
How To Get A Charleston Title Cash Near Me Today
If you’ve decided to settle on getting a title loan with Carolina Title Loans, Inc., then the most important thing to do is get the few required items you need in order:
- A valid state-issued photo ID or driver’s license to prove you’re over 18;
- Your car for inspection;
- The car’s lien-free title in your name to prove car ownership.
After that, just fill out and submit the online form on the website. Soon enough a loan representative will get in touch with you to provide further instructions and answer any questions you might have.
Take the required items to the appointment the loan representative schedules for you either at a location of your choosing or at the nearest title loans location. At the appointment, they’ll inspect your car and documents to determine if you qualify for the loan and what the terms should be.
If they decide to approve you, they’ll walk you through the final steps and help you finish the paperwork. Once everything is signed, you’re all done! This entire process could take as little as just 30 minutes.
Find Your Right Car Title Place Today
Finding the right car title places takes some searching, but you will quickly find Carolina Title Loans, Inc. among the viable choices. Apply for Charleston title cash loan right now and receive up to $15,000 on the next bank business day at the latest when you work with us. Fill out the online form today to get ready.