Title Loans Charleston, South Carolina
Have you ever needed a helping hand to tide you over through an emergency? Have you experienced an automobile breakdown, appliance failure, bill or business need that just couldn’t wait? Have you ever tried to obtain funding from a traditional Charleston lender and gotten the cold shoulder? You’re not alone. Many Charleston residents have gone through the same thing you are going through now. The good news is that a title loan can help your problem immediately. Title loans Charleston lenders want to give you what you need so you can get back on your feet.
Title Loans Charleston Advances Are Tiny Miracles
Title lenders are a special brand of lenders who know the struggles of the South Carolina workers. They understand that the current economy sometimes leaves people without extra money to spare. Emergencies hit and render many residents helpless because they have nowhere to turn. Family members usually don’t have the money, and traditional lenders sometimes put consumers through quite the circus act.
The title loan is a short-term loan against a person’s vehicle. The title loan works like a secured loan. The borrower allows the lender to place a lien on the vehicle until he or she pays back the advance. However, title lenders let their borrowers continue to drive the vehicles while the loan is still in effect. The lender will only repossess the vehicle if the person does not pay and does not try to make any type of payment arrangements.
Apply for Title Loans
An interested person can visit a lender’s site and fill out the title loans South Carolina application. The application has two main parts. One part takes information about the person, and the other part collects information about the vehicle. The lender needs the information about the vehicle to assess the loan amount and give a proper title loan quote to the person. A representative will contact the prospective borrower after the firm receives the request and the application. The person will give the prospect a loan quote. If the person likes the quote, then he or she will visit a local branch to show identification and documentation and then sign a contract. The lender will release the funds as soon as the consumer signs the contract. The lender will most likely offer the consumer a check. However, bank deposits are not unheard of for title loans.
South Carolina Title Loan Law
South Carolina title loans usually start at $600 and go up from there depending on the vehicle that the person has to offer. Lenders in SC have to stay within the confines of a capped interest rate if they provide loans of less than $600. For loans that are more than $600, the lenders do not have to worry about a cap. SC lenders may provide their customers with up to six extensions if such customers have difficulty repaying the advance.
The Benefits of Title Loans
Many benefits exist to taking out title loans, which is why every consumer who owns a vehicle should take one. One benefit of taking title loans is their 30-day time span. Another benefit of taking title loans is their generous loan amounts. Finally, title loans are fast and effective no consumer feels strapped after receiving a title loan to help with the bills.
Interested persons can get started by completing an application immediately. The title loan application process does not take long, but it does deliver results. A resident could have the funds that he or she needs for the family within an hour.