Getting a car title loan can be incredibly easy if you know what to expect. Car title loans can be a great way to get out of a financial crisis even if your credit is well below a prime score.
While rules vary from state to state, South Carolina is a beautiful state and has its own set of rules when it comes to obtaining a car title loan.
So, how do you apply for a car title loan? It's actually quite simple.
First off, you're going to want to find the right car title lender to work with. Some things to keep in mind are important such as interest rates they offer, how long a lender has been in business for, and what customer testimonials online say about a given company.
If you find a lender that seems like a good option to borrow from, the next thing you're going to want to do is decide whether or not you want to apply online or apply to an in-store lender.
Online car title loan lenders can be agreat if you want the application process to be as easy and painless as possible. You can begin and complete an online title loan all from the comfort of your own home. You will have to submit your documents online and will hear back about your loan through the company's site. You will even have your car evaluated online by sharing pictures or a video of your vehicle. After that, you won't even have to go anywhere to get your loan. Online lenders will be able to transfer the money to your bank account electronically.
On the other hand, in-store lenders require that you bring your documents and your car to your brick and mortar store front. You will also want to be prepared for your car to be evaluated in person. While it may seem like a more in-depth evaluation than the one that is done by an online lender, the things that both types of lenders typically look for the same things. They will look for the make and model of your car, the year that it was made, and the mileage on it, and if you are applying online they would want to see photos of your vehicle - this can often be done easily through emailing or texting through from your smart phone to your lender of choice so that they have the necessary information to make a proposal knowing the condition and value of your vehicle.
After you choose what kind of lender you want to apply for, you will want to ready your documents. You will have to ready and provide the following to apply for a pink slip loan in South Carolina :
One final thing that you will have to provide is proof of income. If you do not have a job, however, you can still use other forms of income to acquire a car title loan. Things such as disability, a pension, a retirement fund, social security, or unemployment can be used as a proof of income.
Regardless of whether you apply for an online car title loan or an in-store car title loan, you can expect to have your cash in hand within 24 hours, and it usually takes way less time than that!