Car Title Loans in Greer, South Carolina
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Car Title Loans in Greer, South Carolina
If you reside in the Greer area and are in need of funds, then you should educate yourself about title loans, which are available through LoanCenter.
In case you’re not educated on this type of loan, a title loan is a type of personal loan. However, unlike other personal loans, these loans are backed by a very specific type of collateral: your automobile title. Thus, you will need an auto title in your name with no liens against it in order to qualify.
If you can satisfy these easy eligibility requirements, then you are an ideal candidate for a title loan, which can bring many positives to your life in Greer.
Don’t Believe the Myths
There are many misunderstandings about auto loans. One of the most bizarre is that title loans require borrowers to give their vehicles over to the lender. However, this is not true! The reality is that you use your title as collateral, but you still get to continue using your vehicle as you complete the loan. Your car never has to leave your possession at any time, which should help you to relax!
If worrying about what you would do without a method of transportation kept you away from considering a title loan, now you know that this is not a viable fear. In fact, there are many pieces of inaccurate information floating around about title loans! So, before you believe something that gives you pause or makes you shy away from title loans, ask LoanCenter or research these loans yourself.
If you rely on credible information, you’ll find that these loans are a lot easier to manage and more straightforward than most people give them credit for.
It’s Easy to Qualify
Title loans sound awfully fantastic, right? So great that you may be worried you won’t get approved or that you aren’t eligible for a title loan.
Thankfully, the eligibility criteria for title loans are not very stringent, but there are a few requirements you’ll have to meet. These are the basics:
- You must be at least eighteen or older
- Your vehicle title must be unrestrained, and you may be required to prove that any past liens have been cleared
- You have a verifiable source of regular income that enables you to pay back the loan as agreed
- You have a valid, government-issued ID
Aside from these basic requirements, there also must be some equity in your automobile. For this reason, newer cars or cars that are less than ten years old are often the best options for title loan funding. While just about any automobile can get you some money, the more your car is worth, the larger the title loan total you’ll typically be approved for.
Quick and Easy Financing
If you’re like other title loan borrowers, then you need to have your money as soon as possible. Don’t worry. We definitely understand that, which is why we process loan applications super quickly. You can get approval from us in just a few minutes of your time. And, even better yet, we’ll get you your money quickly too. Many borrowers are even able to get their money on the very same day they get approved.
This is definitely not the case with more traditional lending options. With those methods, the application process is extremely long and involved. It can take you awhile just to gather all the mandatory documentation and fill out the application. Then, you can expect to wait several days or even more, especially during busy times, for your loan application to be processed.
Since approval rates are low, you could wait all that time just to find out you’re not getting any money. And, even if you do get approved, you can expect to wait longer for your money to come through and then even more time for it to clear and be available for use.
As you can tell, other types of loans really aren’t a good fit for the borrower in a time crunch. So, even if you can qualify for other borrowing options, title loans are the smartest option if you need to get your money as soon as possible.
Does Your Credit Affect Your Loan Eligibility?
The good news is that you actually can get a title loan through us, even with bad credit. Since you’ll be offering your vehicle title as collateral, the loan is less risky for us, which means we don’t have to put quite as much value in your credit. Instead, we base our decision about whether you can borrow and, if so, how much on the worth of your vehicle. The more your car is worth, the more you can typically borrow.
We do check out your credit in most cases, but that’s mainly so that we can offer you the best interest rate and general loan terms possible. We use your credit, no matter what it looks like, to try and help you, not as a mark against you the way some types of lenders do.
What kind of cash can I get with a vehicle loan?
Your pay amount, general credit history, and automobile equity are all considered.
How long does it take to get the loan amount?
Once the paperwork is filled out and approved, you’ll get your money right away.
How do I find out more?
To learn more, you can contact LoanCenter or fill out our contact form to have a personable loan expert get in touch.
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