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Who Qualifies For A Title Loan?

January 10, 2020 | Louis Tully

 

Financial struggles hit everyone. And when they do, they tend to hit hard and always at the worst possible time. When we are hit with these struggles, it can make anyone feel pretty stressed. Rather than feeling stressed, there are better options. A car title loan from Carolina Title Loans, Inc. could be the answer you’ve been looking for. You may be wondering what a title loan is? How can it help fix a bad financial situation? How do you even get a car title loan? And who qualifies for a car title loan? We here at Carolina Title Loans, Inc. can answer all of your big questions.

What is a Car Title Loan?

A title loan is a loan using a vehicle title as collateral for that loan. Simply put, you can get your vehicle title and use it to receive your loan. Although this isn’t a long-term fix to your financial problems, the loan can help you in the short-term. The best part about this loan is South Carolina does not care about the status of your credit. So even if you have amazing credit or your credit is terrible to non-existent, you can still get your car title loan, and you can even continue to drive your car while the loan has been taken out. There’s no bigger stress than worrying about your finances and then having to give up your mode of transportation just for a loan. With a title loan, you could get from $601 to up to $15,000 to help with your finances. South Carolina Title Loans, Inc. makes it simple to get your title loan. You don’t even have to have a checking account in order to qualify. And the best part is your personal information is completely kept confidential during your time at Carolina Title Loans, Inc.

How Can a Carolina Title Loan Help?

You may be asking yourself “but just how can a car title loan help me?”; well as it turns out, it can help in many ways. Life is random and unexpected things happen all the time, and with unexpected things comes unexpected expenses. Anything from medical emergencies to sudden home repairs can be paid off using a title loan. Your big life moments can also be taken care of. From birthdays, holidays, weddings, and even your retirement, a loan can really help ease those burdens and allow you to actually enjoy your big life moments. You can also improve your credit with a South Carolina title loan. You can use your loan to refinance previous debt and actually make the steps you need to take in order to actually improve your credit!

How Do I Get a Title Loan?

Now that you know what a title loan is and how it can help, let’s talk about actually getting one. South Carolina makes it really simple to begin the process and it is also very quick – you could literally walk in, go through the process, and walk out with your cash in 30 minutes! There are two ways you can go about to complete this process. The first way is to complete the online form. After you hit submit, you will receive a call from a loan representative where you will go over what you need to bring and what location works best for you. After the call, you can make your way into the nearest Carolina Title Loans, Inc. location. Make sure to bring in your ID or driver’s license, car title, and the vehicle in order to finish the application process.

Now, we want this process to be the easiest and most convenient for you – this is why we offer a second option. If you can’t make it into the store, we can come to you! Just call us at 1-800-514-CASH (2274) to start your application over the phone. Then, once the application is complete, give the loan representative your location and we will drive to you. Again, please do not forget to bring your ID, your title, and the vehicle for inspection.

Who Qualifies For a Car Title Loan?

Before you begin your application, there are some things to consider to see if you qualify for a title loan.

Are You 18 Years or Older?

In South Carolina, you must be 18 years or older in order to obtain a title loan. The point of the loan is to be able to pay back the lender. At 18, paying back your loan is not as difficult as it would be if you were younger than 18. By 18 or older you are a legal adult— you are working and making money to be able to make your payments to Carolina Title Loans, Inc. So, if you are 18 or over, you could be on your way to fixing your financial situation.

Is Your Vehicle Title in Your Name and Lien-Free?

In order to qualify, your vehicle must be in your name. If your vehicle’s title isn’t in your name, you must go to your local DMV and have them transfer the title over to your name. The title must also be lien-free. This means there cannot be any outstanding loans or judgments on the title. Once your title is in your name and you determine you have no outstanding loans or judgments on the title, you are then eligible to receive up to $15,000 from South Carolina.

What Condition Is Your Car In?

The condition of your car matters. When you are with your loan representative, a car inspection will be completed before you can be approved. The better condition your car is in, the higher the amount you can be approved for. So, when you come in to complete your loan process, make sure you bring your vehicle and that your vehicle is in good condition. A vehicle in good condition could be the one thing between you getting the money you need.

Do You Have Your State-Issued Photo ID?

The last required item you need in order to qualify is a state-issued photo ID. Your ID isn’t even required to be a driver’s license just so long as the ID has your photo on it and is issued by the state. With your title, vehicle, and state-issued ID in hand, you are well on your way to getting your title loan and finally getting out of your financial pit.

Now You Can Get Started

Now that you know who qualifies for a Carolina title loan, what are you waiting for? Take the steps you need to take to finally fix your finances. We don’t want your financial debt to give you any added stress. South Carolina Title Loans, Inc. welcomes you to come in and let us help you get your loan. With just your vehicle, vehicle title, and your state-issued photo ID, you could be on your way to getting between $601 - $15,000!