What You Might Be Surprised To Know About An Online Title Loan
Have you ever heard of an online title loan and wondered what it is, how it works, and whether you could get one? If so, you’ve come to the right place to learn more! We’re going to spend this article learning about how an online title loan differs from a standard title loan, and how you can apply for one today!
If you’re unsure about this, don’t worry; you’re going to find everything you need to know in this article, so you fully understand the practicalities of this type of borrowing, and how it works.
What Do You Need To Know About An Online Title Loan?
An online title loan from Carolina Title Loans, Inc. is a loan you can apply for if you live in South Carolina. It’s a short-term loan intended to be paid back relatively quickly, although the actual terms of repayment will vary depending on your situation.
This kind of loan involves borrowing money against the value of your vehicle, but it differs from a standard title loan because you can complete the process without a store visit! That might surprise you, but it's true.
That means that if you can’t get to one of the company’s locations today, you don’t need to worry – there are other options. In fact, it is just as easy to get a loan this way as it is the traditional way, especially if you aren’t currently able to drive to a store.
However, your vehicle will still need to be inspected, which is important to recognize. To make it easier for their customers the borrower can request that a representative meet them at a convenient location to perform the vehicle inspection.
They will also take this opportunity to verify your ID and to check that there are no existing liens on the car. As long as no problems occur at this point, you can progress to the next stage. If approved, you will get the money either that day or the following business day.
Can You Get An Online Title Loan And Still Keep Your Car?
Many people depend on having access to a car to get to and from work, and the great news is that with an online title loan, you retain full access to your car as long as you meet the repayment schedule. That means you can get the money without experiencing any disruptions to your daily life.
As soon as the loan has been fully repaid, the lien will be removed from the car title, and you will once more have full ownership of it.
What Do You Need Qualify For An Online Title Loan?
To find out if you qualify for an online title loan, you must be over the age of 18, and you must have a vehicle registered in your name with no existing liens against the title. However, one of the big benefits is that you don’t need a checking account to apply, so if you don’t have your own a bank account, this can be a good way to get a loan.
But you will need some form of a government-issued ID to prove you are who you say you are; without this, you will not be able to apply for a loan.
How Do You Get An Online Title Loan?
If you’re interested in learning more or even applying for an online title loan, you need to head over to the Carolina Title Loans, Inc. website to fill out the form with your basic information and your phone number. You can also phone directly to make a short inquiry and pass on your details.
After that’s done, you can expect a call from a loan specialist, who will get you started on the standard process and set up the appointment for the vehicle inspection. The in-person process can be a quick and easy step, often taking just over half an hour to complete.
And once you are off the phone, the agent will arrange to have somebody come and meet you at a location of your choosing (including your own home) so they can view the car and verify your documents. When that step is complete and we tell you if you are approved, you can expect to get your money within just two business days, maybe even sooner once you are done filling out the paperwork!
That means you can use it to get the money you need for emergencies, such as unexpected medical bills, home repairs, emergency travel expenses, and more. It’s not recommended that you use online title loans to fund frivolous expenses.
Start The Process Today
Getting an online title loan can be a straightforward process for an individual who is in need of emergency money and has a car title to use as collateral. Owning an asset such as this gives you the option to borrow against it while keeping the rights to use the vehicle.
If you think this type of loan is a good option to consider in your situation, simply complete the online form to speak with a representative today.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.