How Are People Using Title Loans In Charleston During COVID-19?

April 14, 2020 | Emma Frost

 

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Financial struggles that COVID-19 has brought has hit everyone. With businesses closed and multiple industries brought to an almost complete halt, it’s no wonder we need extra monetary help. When you are hit with an emergency so big you cannot handle on your own, you should look into getting a title loan in Charleston. Title loans are great for when you need cash quickly because your financial situation is being tied up by an unexpected emergency – like Covid19. If you are looking for title loans, consider Charleston, South Carolina. The process simple and quick. In just 30 minutes, you could walk out with the cash you need. But how exactly does a title loan help when dealing with a crisis such as COVID-19?

What is a Car Title Loan?

A title loan is just what it seems – it is a loan that uses a vehicle title as collateral for that loan. Basically, you can take your car title and use it to get your loan. While not designed to fix your finances in the long run, the loan can help you in the short term. The best part about this loan is it isn’t affected by the status of your credit. So whether you have good credit, bad credit, or no credit at all, you can still get your title loan. And getting a loan does not mean you have to give up your car. At Carolina Title Loans, you can keep your vehicle while you are repaying your loan. With a car title loan, you could get between $601 to $15,000 to help in dire times like these. But how exactly does a title loan help?

 

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How Can a Carolina Title Loan Help?

Unexpected emergencies happen all the time. And with emergencies come unexpected expenses. Anything from medical emergencies to sudden home repairs can be paid off using a title loan. Your big life moments will also be impacted by your title loan. Everything from birthdays, holidays, and even your retirement can change if you have a title loan to help ease the burdens of your unexpected emergency. You can also greatly improve your credit with a South Carolina title loan. When you don’t have your emergency eating away at your finances, you can then use your finances to lower your mounting debt – thus fixing your credit!

A Title Loan Can Improve Your Credit

The Coronavirus has caused thousands of people to be laid off from their jobs. So many have been running around trying to find more work and continue to make money. Or they are racing to the unemployment office trying to collect their unemployment. With so many people not having a constant income coming in anymore, their debt is beginning to pile up. This mounting debt causes your credit to go down. We all know how much can be affected by bad credit. With the help of a title loan, you can handle your biggest and most urgent expenses and actually improve your credit. The best part, the state of your credit score doesn’t affect your eligibility for a title loan.

A Car Title Loan Can Build Your Emergency Fund

With every emergency you’ll encounter – like COVID-19 – you will need money to deal with them. If you’ve never thought to put away money for an emergency, you are setting yourself up to fail. An emergency fund can take you out of a bad place when you are faced with an unexpected emergency. Although having an emergency fund is important, it can be difficult to start setting aside some money – especially during these tough times. Title loans in Charleston can really help you start setting aside money. You can use your title loan to deal with this emergency and getting your family by. While the title loan is dealing with this emergency, you will then be able to set aside any extra income you come across for paying back your loan and for your emergency fund.

 

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An Auto Title Loan Can Help You With Your Expenses

Even if we are dealing with the Coronavirus, that doesn’t mean our other expenses simply stop. You still have to pay for food and pay your bills. But if you find yourself laid off or your hours reduced, paying for basic, necessary things can be a difficult task. You are already worried about maintaining your health to avoid getting this virus, why add being worried about buying your food or paying bills? With a title loan, you can pay for those items that you desperately need. Whether it be paying for your groceries or paying off your bills, a title loan in Charleston can help with all of that.

Come To Carolina Title Loans To Get Started

So, as you can see, title loans can help tremendously during an emergency. We can see how catastrophic the Coronavirus is to us and our financial state. Why deal with that on your own when you have this reliable resource? Charleston, South Carolina has the title loans you need to look into. Carolina Title Loans, inc. welcomes you to come in and let us help you. The process is completely easy and extremely quick. Just fill out the form, wait for our phone call, gather up your necessary documents, and come to one of our Charleston locations to finish the process. If your financial state is in need of assistance going through COVID-19, a title loan in Charleston is just what you’ve been looking for.