Title Loans in Folly Island , SC
As soon as you realize that you need extra funds, you understandably may begin turning over every stone to find the money that you need. Some Folly Island residents may easily locate much-needed funds by tapping into a credit card or dipping into a savings or retirement account. When these options are not available or are not ideal, you may be eager to find another resource to get the money that you need. If you own a vehicle that has a substantial amount of equity in it, title loans in Folly Island may be right for you. While title loans may not be a common financial solution for Charleston area residents, they have been used by many locals for years.
What You Need to Know About Title Loans in Folly Island
If the concept of online title loans in Charleston and surrounding areas is new to you, you need to take a closer look at what they are and how they work. The two most defining factors about title loans are that they have a very short term and that they are secured by your vehicle. The short term usually extends for only a few weeks. Because this term is so short compared to other financial options that you may be familiar with, you will only need to make one payment to repay the entire outstanding balance to us. In addition, because the auto title loan is secured by your vehicle’s equity, the loan amount that we can extend to you will be based on the equity available.
How to Qualify for Title Loans in Folly Island
Before you spend your valuable time filling out an online loan application or getting your hopes up about the possibility of having extra cash in your hand within a couple of days, you need to learn about auto title loan qualifications. Car title loans in Folly Island are governed by the same laws that apply to all other financing options available to you. These laws limit interest rates and fees charged, and they also require applicants to be 18 years old or older. In addition to having this requirement, we also require applicants to document the vehicle that they are using as collateral in the loan application. The application specifically asks for personal details about you as the borrower and for information about the car. These details include information about any existing liens against the car, its age, its make and model and more. Credit scores are not a qualification requirement for our title loan program.
How to Benefit from a Car Title Loan
A common question that our customers have about title loans in Folly Island relates to the benefits. For example, you may be wondering how you can benefit from a loan if you have to repay the money back within a few short weeks. There are different beneficial uses for a title loan, such as staying current with bills. When you are current with bills, you can avoid expensive interest rate increases, late fees and more. Another way to use title loan money is to tend to urgent needs today rather than waiting a few weeks until you have enough cash saved up. After all, if your house is damaged, you need to pay the insurance deductible right away so that the damage can be repaired.
Now that you know more about what auto title loans are and how they work, you may be excited to learn about your approval status. By filling out the easy online application today, you will soon be contacted by a representative about your loan approval status.
Fill out the form and find out how much you can get on your car title: