A title loan is an emergency financing option for those who face urgent costs without a way to afford them. However, you must prove you own the car outright and use a lien-free vehicle title as collateral. Are title loans available to those who don’t have their physical vehicle title?

In this guide from Carolina Title Loans, Inc., we will explain how you can get a title loan using a duplicate or bonded title that can prove your ownership. We will also explain the requirements and approval process to get this short-term loan in just a few easy steps.

Do You Need A Vehicle Title For A Title Loan?

To get approved for a title loan, you must have a lien-free car title that proves that you own the vehicle and have fully paid it off. If you don’t have a car title at all, either because the car isn’t yours or you lost it, you will not be able to get approved. We must place a lien on your car title to allow you to use it as collateral to borrow cash.

However, you can get a title loan without a title in hand in South Carolina by getting a duplicate title or a bonded title. If you don’t have a physical title, you can access emergency cash through title loans – you will just need to complete a few extra steps.

How To Get A Duplicate Title

A duplicate title is a replacement for a car title that has been lost or destroyed. This is the easiest way to get a car title loan when the title is lost in SC. You can get a duplicate title by visiting your local DMV office, submitting your information via mail, or on the South Carolina DMV website.

You will need the following to get your duplicate car title:

• A government-issued photo ID
• Valid South Carolina car registration in your name
• A complete title replacement form
• Your car’s VIN number

You will also have to pay a small $15 fee. After completing the process, you can receive your replacement title in 7 to 10 days if you did it online or up to three weeks for DMV visits. Once you receive it, you can follow the process outlined below to obtain a title loan with a duplicate title in SC.

Bonded Title Procedure In South Carolina

If, for whatever reason, you cannot get a duplicate title, your best option is to secure a bonded title. This is available to individuals who have lost or never received their car title but require proof of ownership. You can receive a certificate that verifies your ownership.

When obtaining a bonded title, you will also need to obtain a surety bond to ensure it is free from fraudulent claims from individuals claiming to own the car.

To get a bonded title, you will need to complete the surety bond process:

• Find a surety bond company you trust
• Fill out the application form with personal details, the type of bond you want, and financial information
• Submit financial statements, credit reports, and South Carolina state-specific forms
• Receive your surety bond within 24 to 48 hours

Once you get the bonded title, you can prove that you own the car outright and no one else has a legal claim to your vehicle. If you have this title, you can get bonded title loan eligibility in SC.

Required Items For Title Loans In South Carolina

Once you have the alternative titles in hand, you can get approved for a South Carolina title loan. The rest of the process will remain the same whether you have the original title, bonded title, or replacement title.

At Carolina Title Loans, Inc., we have a short list of required items you will need to get approved. You will need to prove that you are over 18 years old, as only individuals of legal age can enter into these types of contracts. You will also need to prove that you own your car outright and that it has some value.

Here are the required items for SC title loans:

• A driver’s license or state-issued photo ID that displays your name and age
• A lien-free vehicle title in your name
• Your vehicle for a quick inspection

Gather these items beforehand to ensure you meet the requirements, and your name matches across all documents. Once you have them, you can start the same-day process for a car title loan.

How To Get Approved For A Title Loan

The approval process for auto title loans is fast and can take only a day. In fact, some borrowers can get approved in less than 30 minutes. If you start the process early enough, such as before 12 PM, you could even receive your emergency funds later the same day.

The following is the approval process for title loans in South Carolina:

• Submit your basic information through our online loan form
• Speak to a loan representative over the phone about title loan details
• Bring your required items to the nearest South Carolina store location
• Get your requirements verified and have your vehicle inspected
• If approved, sign the loan documents to finish the process
• Receive your title loan cash later the same day or by the next business day

Approval is easy with us, giving you quick access to funds. Don’t let missed payments affect your finances; get the financing you need with our title loans. Pay for medical bills, home repairs, or travel costs with title loans in South Carolina today!

South Carolina Payday Loan FAQs

How much can you borrow with a title loan?

Title loans are worth up to $15,000. However, not everyone will get approved for the maximum amount. Your title loan amount will depend on your vehicle’s value, which we will determine with an in-person inspection. The more your car is worth, the more you can borrow.

Can you get title loans with bad credit?

Title loans have collateral to secure them, which means you don’t have to prove your credit score. Borrowing one also won’t lower your credit score, as we don’t report our loans to the major credit bureaus.

Can you use a vehicle title in someone else’s name?

Your vehicle title must have the same name as the one on your ID. If your vehicle title is in someone else’s name, you must get a title transfer first. You will just need to fill out some forms and pay a small fee to transfer your car title.

Get A Title Loan In South Carolina – Borrow Up To $15,000 Today

You can get a car title loan when your title is lost in SC by getting a duplicate title or a bonded title. When you have it, Carolina Title Loans, Inc. can make the rest of the process simple and easy. Our speedy approval process takes just a few steps, allowing you to get approved today!

Need emergency cash today for urgent costs? Begin our simple process with the online title loan form on this website. Visit one of our 16 South Carolina store locations and get approved in less than 30 minutes. Receive your urgent cash in less than one business day with us!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.