How Online Title Loans Work

Are you dealing with an emergency and are wondering how online title loans work? When you need quick money, the last thing you want to do is stress out about a complicated loan that you barely understand. Well, in Carolina Title Loans, Inc., we’ve made sure that every customer can easily understand what an SC title loan online is and how it can help! In fact, all you have to do is read this page to understand this loan and how to get one. So, if you’ve been wondering how do online car title loans work, keep reading and we will be glad to fully explain our online title loan process!

What Is An Online Title Loan?

Before you find out how online title loans work, you should know what an online title loan in South Carolina is. If you’ve ever heard of a title loan, then you know that this loan uses your vehicle’s lien-free title as collateral. Basically, if you are finished paying off your vehicle and your title is in your name, you can then use that title to get quick cash for emergency expenses.

The entire process is quick and you don’t even need great credit to find out if you qualify for this loan. In fact, you could get through the whole process in as quickly as 30 minutes. You also don’t even need to show proof of income or employment to get this kind of loan from us either!

How Do Online Car Title Loans Work Differently From Regular Car Title Loans?

Now that you know what a regular car title loan is, you need to know how an SC title loan online is different. While both types of loans use your title as collateral, the way we finish the process is the main difference between these two types. With a title loan, you would have to come into one of our South Carolina title loan stores to have us inspect your vehicle.

This inspection allows us to determine how much we could lend to you if you are approved. How online title loans work is similar in that we must inspect your vehicle before you can find out how much you could get. But instead of you coming to the store, one of our loan representatives can come to you instead! That’s right, you never have to come to the store to finish the process!

How Does An Online Title Loan Work?

So since you know what an online title loan is and how it’s different from a title loan, you are probably asking “how does an online title loan work?”. Well, as we’ve said, we’ve made sure that the online title loan process is simple for you to understand.

We’ve even done the work for you and have broken down our entire process right here, so you don’t have to go far to learn how we handle your online title loan. So if you are ready to learn how the process works, here is the entire breakdown of how online title loans work in South Carolina.

Step 1: Get Ready With The Required Items

The first thing you need to do is to make sure you have the required items ready. These are the items we use to determine if you qualify for approval, so you need to make sure you have the right things. We need to see your driver’s license or state-issued photo ID, your vehicle, and your vehicle’s lien-free title. You should also take a look at our online title loan FAQ page to come up with some good questions to ask us when we speak.

Step 2: Fill Out The Online Form

Once you have the items and your questions ready, you can go ahead and fill out the online form on our website. This form is a secure way to get your contact information to the nearest store location. We only use this information to give you a call and help you get started with the process. Stay close to the phone after you submit the form because we will call within a few minutes.

Step 3: Schedule The Vehicle Inspection

When we call you, we will discuss the process and answer any of the questions you’ve come up with. We will also make sure to schedule the vehicle inspection for you at a location that is convenient for you. Remember to bring in the required items when we meet for the inspection. And remember, this doesn’t have to be at one of our store locations!

Step 4: Meet The Representative

Once we are off the phone, you can gather your items and prepare for the vehicle inspection. This inspection won’t take long because we are only look at the overall condition of the vehicle. We will also make sure your title is lien-free and in your name, and we will look at your ID to make sure it is actually you and that you are over the age of 18 – because we can’t give you a loan if you are a minor.

Step 5: Find Out If You Qualify For Approval

After the inspection, we will determine if you qualify for approval and how much we can lend you. Remember, if you are approved, you can get anything between $601 - $15,000 for this loan. If you are approved, we will help you finish the paperwork and answer any remaining questions you have. Once done, you can get the money either on the same day or the next bank business day.

You Don’t Need Great Credit For This Loan!

Now that you know how online title loans work, we wanted to go more into detail about credit. As we mentioned, you don’t need great credit to qualify for this loan. The reason for this is because we are using your personal property as collateral to secure this loan.

While this doesn’t mean there won’t ever be a chance of us checking your credit, this does mean that you don’t have to worry about getting automatically denied if your credit isn’t where you’d like it to be. Unlike a bank loan, we will still consider you even if you have poor credit at the time of applying for this loan.

Get The Online Title Loan You Need

Now that you know everything about how online title loans work, all that’s left is for you to get started with the process. Just go ahead and fill out the online form so we can help you begin the process and find out if you can get an online title loan today!