information about personal installment loans

What You Should Know About Personal Installment Loans

Carolina Title Loans, Inc. offers a variety of loans to help customers out. You might be interested in learning more about our personal installment loans and how these work so that you can compare the different options available to you. Before undertaking the loan process, you should always consider carefully whether a loan is for you.

You will get help and guidance from the company representatives, but it’s essential to take loans responsibly and consider your needs before starting this process. Keep reading to discover the essential details about personal installment loans from Carolina Title Loans, Inc.

What Do I Need To Know About A Personal Installment Loan?

1. Understand How Personal Installment Loans Work

If you’re unfamiliar with personal installment loans, these are loans where you take out a sum of money and then repay it in chunks, sometimes known as “installments.” You receive all the cash at once and then gradually pay it back.

Personal installment loans can be taken out in various circumstances. They are often used as an option if you are dealing with expenses that you didn’t expect (although this is not their only purpose).

You can borrow up to $1,500 with one of our installment loans, and you will typically be paying a fixed amount back each month (or payment period). Some personal installment loans last a few months, while others may be spread over the years, depending on your arrangement.

2. Your Credit Won’t Get In The Way

Many factors are considered when you apply for a personal installment loan, including any existing debt you have, your credit score, your income, the length of the loan you want, the amount you are asking for, the current interest rates, and more.

While your credit will be checked to determine your eligibility, Carolina Title Loans, Inc. welcomes borrowers from all credit backgrounds to apply for this loan. Your credit score does not automatically disqualify you from getting the loan, and we will do our best to work with you—no matter your credit background.

woman thinking about personal installment loans

3. They Should Only Be For Financial Emergencies

Personal installment loans can serve quite a few different purposes. Many people use them to address urgent expenses such as:

  • Medical bills
  • Home repair bills
  • Vehicle repair bills
  • Travel expenses

They are sometimes used for other purposes, but you must always ensure you are financially responsible and can repay the borrowed amount on time. Always check that you fully understand the terms and conditions before you take out any kind of loan, whether a personal installment loan or something else.

If you need clarification about the loan details, our loan representative can answer your questions. Additionally, you will be given as much information as you need before signing the paperwork.

4. Starting The Process Is Easy

You can start the personal installment loans process by filling out the online inquiry form on our website. This form will ask for your basic details and will connect you with a professional agent who can help you. Our helpful representatives will help you with every step of the process and explain everything you need.

5. The Requirements Are Simple

No, you don’t need a lot of paperwork for this sort of loan. It’s generally quick and easy to apply for. You will have to show the following documents:

  • A statement for a checking account (in your name)
  • Some form of state-issued identification (a driver’s license, passport, or something similar will suffice)
  • Your latest pay stub

If you have any questions about these things, that’s no problem – get in touch and ask the representative. They may be able to offer guidance if you aren’t sure what kind of ID you can use or if you’re unsure about any of the steps.

It’s also worth noting that you don’t need collateral for this kind of loan, which can make it attractive to some individuals. The loan is guaranteed by your promise to pay the money back rather than by physical assets that you put on the line in exchange for the loan.

money from personal installment loan

Get Your Personal Installment Loan Today!

If you believe a personal installment loan from Carolina Title Loans, Inc. could be right for you, you can start your process immediately. This will ensure you see the money in the minimum possible time frame. Unexpected expenses can appear out of nowhere, leaving you struggling to secure the emergency cash you need.

Whether it’s an urgent repair or a looming utility bill, a personal installment loan can get you fast money for a financial difficulty. If you’re seeking financial help to tackle your time-sensitive needs, fill out our online inquiry form to start the personal installment loan process 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.

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.