title loan basics

Title Loan Basics For First Time Borrowers

If you need quick cash to cover some sort of emergency expense, there is no reason to stress out. Consider coming to Carolina Title Loans, Inc. for a title loan. This is a way to get emergency cash based on the title of your vehicle. And if you are a first-time borrower, use this quick guide to help you understand what you need to know about title loan basics.

Learn More About Our Title Loan Basics Before You Apply

What Is A Title Loan?

When talking about the basics of title loans, you can’t get through the process without knowing what a title loan is. A title loan is a short-term loan that uses your vehicle’s lien-free title as collateral. This can be an option that you consider if you need quick cash to cover an emergency expense.

Keep in mind that car title loans are not meant to be solutions to long-term financial problems; they are simply meant to help with short-term financial emergencies. Also, the value of your loan with us depends on the value of your car title. When you apply for a title loan with us, you can get anywhere from $601 to $15,000 if you qualify.

To determine how much you get, we’ll perform a quick inspection to determine your vehicle’s condition and value. The key, however, is that your vehicle is in your name and fully paid off. If the vehicle is under someone else’s name or you are still making payments, you’ll have to go to the DMV and get that taken care of – or you can’t get a title loan here.

The good thing about our title loans is you do not need to have a checking account in order to apply for title loans. And when you apply for a title loan with Carolina Title Loans, Inc., you get to keep your car while you are paying off your loan. All we hang onto is your vehicle’s title – which you get back when you repay the loan.

Another advantage is you can apply for title loans with Carolina Title Loans, Inc. even if you have bad credit. The value of your title loan is based on the value of your vehicle’s title, not your credit score. This means that you can apply with good, bad, or even no credit.

Make Sure You Have The Required Items

Now that you know the real title loan basics, the next step would be to learn about our required items. One of the benefits of getting title loans through Carolina Title Loans, Inc. is that you do not need to bring a lot of required items. In fact, in order to get a title loan with Carolina Title Loans, Inc., you only need to have the following items:

  • Your driver’s license or a valid government-issued photo ID. This is so that you have a way to prove that you are at least 18 years old or older. You cannot apply if you are a minor.
  • You need the lien-free title to your vehicle in your name to use as collateral. You cannot apply for a title loan if you do not own the vehicle outright.
  • You need the vehicle itself so that it can be inspected by a loan representative. This is to determine how much money you could get.

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Here's How Our Title Loan Process Will Go

So you know what a title loan is and what we require. All that is left for our title loan basics is our process. Applying for a title loan with Carolina Title Loans, Inc. is easy. To get started, fill out the online form on our website. This will collect your basic information and send it to your nearest SC fast car title loan location. You can also contact us directly over the phone.

After you submit the inquiry form, you will quickly receive a call back from one of our loan representatives. They will answer any questions that you have, make sure you have all the proper items, and help you schedule your appointment – which can either be at the store or you can have us come to you instead.

Either way, when you meet with us, the loan representative will perform a quick vehicle inspection to determine its value. They will also assess your title and information as well. Once done, they will be able to determine the value of your loan and if you qualify for approval. If you do, they will walk you through the last steps of the application process.

They will answer any remaining questions you have. They will also go over the loan terms and help you finish the simple paperwork to complete everything. Once everything is done and the papers are signed, you can get the money either on the same exact day or the next bank business day.

Begin Our Title Loan Process Today

Now that you understand the title loan basics, you can probably see that this is a valid option to consider when you need help. So the next time you need emergency cash, don’t hesitate to come to see us. Just fill out the online form on our website to get started on our simple process.


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

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.