/ What are Title Loans in Simpsonville? /
Title loans in Simpsonville are a lender giving money to a consumer based on a vehicle the consumer puts up as loan collateral. Using this simple lending plan, there is no need for a credit check. Eliminating it saves time, and it also allows those with poor to bad credit to apply and have a realistic chance of being approved. Most of the time, those without good credit are denied loans by traditional lenders. That’s not an issue with title loans. After approval, the lender keeps your vehicle title and puts a short-term lien on your vehicle. After the loan is paid back, the lien is removed, and the title is returned to you.
To qualify for title loans, you have to be18 or older. You need a job or get an income from a different source, such as unemployment benefits. This assures the lender that you can afford to make your loan payments. Vehicles used as collateral must be owned by the applicant.
/ Car Title Loans in Simpsonville Application /
You know your name and phone number and the kind of car you drive, so you know everything required to complete an application for title loans in Simpsonville. Just give us that information, and we’ll give you an instant loan quote. If the amount we’re offering can help you, then we’ll start working on your financial package right away. Your vehicle’s condition will be discussed so that we can make sure our loan offer matches your vehicle’s value. A payment plan is set up, and other particulars of the loan are decided. Then, you turn in the title certificate, sign the loan agreement, and get the money.
/ Legal Information for Simpsonville /
Interest rates on title loans vary in South Carolina, but lenders who charge higher interest are required to include a statement about it in the loan documents. Borrowers may renew their loan up to six times after the original loan expires. Borrowers have one day to cancel their loan. If they do, the borrower must pay off the entire amount of the loan by the close of business on the day after their loan began.
/ Simpsonville Car Title Loan Benefits /
- Be approved for title loans in Greenville and Simpsonville speedily with our streamlined loan process. It includes less paperwork and time than a traditional loan, and there is no credit check. Even with bad credit, you can be approved for a title loan. Most applicants are approved and handed a wad of cash within 24 hours.
- You can skip that trip to the pawn shop. For them, you need to pawn many items, and they keep it all until you pay them back. With title lenders, you only need your vehicle to get the money, and we let you keep your car while paying off the loan.
- You can bypass the people you know. There is no embarrassment or awkwardness of asking one of your friends or relatives for cash. None of them gets to know you have money problems, and they don’t get the chance to tell anyone else your business.
- Your business is safe with us because we don’t tell anyone about your loan.