Do Title Loans Work In South Carolina?

June 30, 2020 | Emma Frost

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If you’ve been looking into online title loans and have wondered if they really work, the short answer is yes, they do work. If you know exactly what they are and how you are supposed to use them then they can definitely help ease your emergency to the point where you can handle them a little easier. And the best part is understanding title loans isn’t nowhere as complicated as it may seem. Here at Carolina Title Loans we make sure our loan representatives are knowledgeable and will be able to answer all of your questions in a way that you can easily understand what you are getting into. We also make sure our application process is simple and quick to go through.

What Is A Title Loan?

A title loan is a loan you can get when you use your vehicle title as collateral for that loan. Basically, you can use your vehicle’s title to get quick cash you really need for emergencies. These loans are different from traditional loans for many reasons. One reason being that you can get one regardless of how your credit looks. With most loans, if you have a poor credit history and score, it makes things much harder to be approved. Lenders become weary about lending money to people with a poor credit score. And if they do then you’ll have to deal with a high interest rate payment. With title loans, a poor credit score does not trip you up; we welcome any credit score to come in and apply.

Can I Get A Title Loan With Other Vehicles?

Just because this loan is sometimes referred to as “car title loan” this does not mean you can only get one with a car. If for some reason you cannot use your car to get your title loan, you can use any other vehicle, like a motorcycle, to get yourself a title loan. The only thing to keep in mind is that whatever vehicle you use – whether your car or your motorcycle – has to be in your name. So if you can’t use your car, or you just don’t have a car in your name but do have a motorcycle, you can use your motorcycle as long as it is in your name for your title loan.

What Is The Process Of Getting A Vehicle Title Loan?

At Carolina Title Loans, we offer two ways for you to get a title loan. Both processes are simple and get you your cash as quickly as possible if you are approved. The two processes are:

  • The first process is the classic method. It starts with you filling out our online form. Once you submit the online form you will receive a phone call from the nearest location to let you know the rest of the application process and answer any questions you have. Once you hang up you can make your way to one of our South Carolina locations with your driver’s license or state-issued photo ID, your vehicle title that is free of prior loans and judgments, and your vehicle for a quick inspection to figure out the appraised value of your vehicle. The vehicle inspection allows us to know how much money you qualify for.
  • The second method is the convenient one for you to complete. It starts off by you calling us to start the application process over the phone. When on the phone, you can let us know what location you’d like for us to meet you at. We will meet you at whatever location you choose to check out your documents and do the vehicle inspection. We do all the leg work and make it as easy for you to complete the process. You still have to bring in your ID, your vehicle title, and your vehicle when we come see you.

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How Should A Title Loan Be Used?

An auto title loan is not meant to be used as a permanent cash solution. Your finances are not going to be fixed completely with just using online title loans. If that is why you intend on getting title loans, then you have to look for other means of financial assistance. These online title loans are meant to be used for emergencies that pop up with unexpected expenses. Emergencies like medical emergencies, paying for medications, medical procedures, or damage to your home or vehicle. Your title loan can also be used to buy insurance to really help you pay off these emergencies. Or if you’ve already dealt with your emergency and are having a real difficulty paying for your necessary expenses right now, you can use a title loan to help ease your burden until you can do a bit of recovering financially. These necessary expenses include paying for bills that are late and you need to take care of right away. If you use a title loan for things like that, then you can certainly make title loans work for you.