Unsure About Title Loans? Get The Facts Here

August 18, 2020 | Emma Frost

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If you’ve ever looked up financial assistance or quick cash then, chances are, you’ve come across cash for title near you. I am talking about title loans. Vehicle title loans – not to be confused with traditional bank loans – can get you the money you need quickly to deal with your most pressing financial emergencies. If you are going through situations that require your immediate attention but don’t have the funds to deal with them, these kind of loans are there to back you up and make whatever you are going through more manageable. There is a lot of information you have to know about title loans before you decide if one will help your situation. Lucky enough, the facts about title loans are easy to come by and for anyone to understand.

What Is A Title Loan?

Before anything else, a title loan is a loan you receive when you use your vehicle’s title as collateral. With this loan, you can qualify for anything between $601 - $15,000 in cash for your emergencies. This cash cannot fix your finances permanently or get rid of your debt; that isn’t what this was designed to do. This loan was designed to be a short-term money flow strategy. But you can still take care of multiple situations that are pressing and need your attention right away. One advantage you have with a Carolina title loan is how quick it is to get through the process.

How Do I Get One?

Here in South Carolina, we give you two simple and quick processes for you to choose from. The first one starts with you filling out our online form that gives us some basic information and lets us get you to the closest location to you for your title loan store visit. Once you submit the form you will receive a phone call from one of our loan reps who will let you know what else you have to do. Once you get off the phone, you can head over to one of our locations and complete some paper work and have your vehicle inspected to determine how much you qualify for.

Our second option involves you never having to come into one of our stores at all. It starts with you giving us a call and starting the application over the phone. While you are speaking to one of our reps, you will give them a location of your choosing where they can meet you. The rep will do all the leg work and come to you. You will still have the paperwork to fill out and a vehicle inspection will still be completed to determine how much you qualify for.

What Do I have To Bring?

Regardless of what option you choose to go through, there are still required items you have to have in order to complete the process. We don’t require too many items and these items are certainly not difficult to gather up and walk around with; chances are you are already traveling with these items on you. Those three items are:

  • Your driver’s license or state issued ID that states you are 18 or older.
  • Your vehicle’s title that is free of prior loans or judgments and in your name.
  • Your vehicle for a quick inspection to determine how much you qualify for.

What Are The Benefits Of A Title Loan?

Besides our quick process that will get you the cash you need quickly, there are plenty of benefits you get when you look into getting a title loan. From welcoming any adult regardless of what your credit looks like, to the ability to use any vehicle, and the multiple situations you can use title loans for, these loans have plenty of bright spots you have to know about.

All Credit Is Welcome

Unlike traditional bank loans where a poor credit score could present some major issues, we here at Carolina Title Loans welcome all credit. Having bad credit while you are going through a financial emergency just makes things worse. We don’t want to make things any more stressful by denying you just because of a bad credit score. We will let you apply and base your approval on other aspects.

You Can Use Any Vehicle

Even though I’ve called this loan a “car title loan,” that doesn’t necessarily mean you can only get it with a car. If you don’t happen to own a car but you do own a truck, SUV, or even a motorcycle, you can use any one of those vehicles title as collateral – so long as you are the sole owner, your name appears on the title, and the title is free of prior loans.

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You Can Use It For Multiple Situations

Like I mentioned, you cannot use this loan to permanently fix your finances or pay off your debt; but that doesn’t mean there still aren’t a lot of situations in which your title loan can really help you out. When you are going through things like medical emergencies, unexpected necessary home or auto repairs, or suddenly find yourself without a job, these are the kind of situations that a title loan can really help you out with. You can either use the loan to help directly with this situations or you can use the loan cash to pay for insurance to help out.

Help Your Finances And Get Your Title Loan, Today!

So, as you can clearly see, knowing the facts of a title loan is easy. Once you know how simple it is to get an auto title cash and all the benefits that come with it, you are ready to start. Get your financial emergency in order with a title loan today.