How Do Title Loans In South Carolina Work?

March 9, 2021 | June Mckaig

title loans in South Carolina

 

It's important to know how title loans work, especially if you're thinking about using one to help with an emergency expense. There's nothing wrong with seeking financial help. In fact, many people in South Carolina depend on such credit-friendly measures to achieve goals and increase the quality of their life. Are you one of them?

It may be hard to answer that question without knowing how title loans work. So, let's go over some of the basics and then cover the details so you can get the financial help you need when dealt with an emergency.

What Is A Title Loan?

The title loans in South Carolina are designed to be simple and easy for all consumers. Instead of requiring an invasive credit check, this option uses your vehicle title as collateral. Thus, borrowers can get large amounts of cash even if their credit score isn't perfect. Also, they can keep possession of their vehicle as long as the loan remains in good standing and they adhere to the repayment schedule.

Furthermore, the title loans in South Carolina are doled out by helpful, professional representatives that can answer all of your questions. So, thinking that this option is somehow damaging to your financial future is a mistake. Oftentimes, the repayment plans are extremely flexible to accommodate all lifestyles, income schedules, and hiccups.

How Do The Title Loans In South Carolina Work?

First, you submit a request for funding using your lien-free vehicle title. Then, you go over the contract with an agent to determine your eligibility and ability to repay the money. After that, you either receive your cash the very same day you get approved or the next bank business day. You do not need perfect credit to qualify, nor do you need to have a high-paying job.

 

title loans SC

 

The one thing to remember is that this loan is not designed to eliminate debt. Most people use title loans in South Carolina for emergency funding when they lose their income or face unexpected expenses. So if you experience medical expenses, home repairs, or emergency travel, title loans in South Carolina can help out.

How To Get Title Loans In South Carolina

This is how anyone and everyone can get through our easy process for title loans in South Carolina:

  1. Apply online to quicken the process. Go to our website to submit a fast application on the main page. It only takes a few minutes to complete, and then someone will contact you back in a few minutes. At that time, you'll know whether you've made it through pre-qualification or not. You can also ask any questions during this call and give the loan representative a location where they will come meet you instead of you having to come to a Carolina Title Loans location nearest you.
  2. Gather all of your documents ahead of time. Next, collect everything that your loan representative requested. Unlike traditional banks, your list of necessary documents and items is short. Plus, it doesn't involve your income and won't impact your credit score as much. In fact, all you need to get approved is your government-issued driver's license or photo ID, your vehicle's lien-free title, the car for a quick inspection. Additionally, you must be at least 18 years old to qualify for title loans in South Carolina.
  3. Meet with an agent to go over your items and inspect your vehicle to determine how much you could qualify for. The loan representative will then determine whether you qualify for approval. If you do, then the loan agent will go over your contract terms to make sure you understand how it all works. Once you agree with all the terms and understand everything, you will be able to sign and either receive your money right then or the next bank business day.

You won't have to give up your vehicle when you sign the contract either. The underwriter essentially takes over ownership of the vehicle’s title while you still drive it. And once the loan is paid off in full, you will have the title returned, free of the outstanding loan. It is also important to note that, if approved before a certain time, you can have the cash on the same exact day – either handed to you or deposited into your account. And if you do have to wait, you’ll usually just wait until the next bank business day.

It's easy to get title loans in South Carolina if you know how the process works and join a reputable business like Carolina Title Loans, Inc. With the right qualifications, you can get a loan for anything between $601-$15,000 in this state. Plus, you'll get plenty of time to pay it back and helpful customer service along the way. So don’t go through whatever sudden expense you are hit with alone. Come down to Carolina Title Loans, inc., and get the financial help you need, today.