What Are Title Loans Bluffton, SC?

A title loan is a loan against your car. The title of your car guarantees the amount of a title loan, which is usually 30-50% of the value of your vehicle. When a title loan is approved, the lender holds onto the physical copy of your vehicle’s registration, but not the vehicle itself. Once the loan has been repaid in full, the title is returned.

Title loans are appropriate for borrowers who need cash instantly. Because of our expedited online system, Platinum Lending can offer title loans in Bluffton in under 24 hours under optimal conditions.

Title loans are also the choice of those with bad credit or no credit as we do not require a credit check. The value of your vehicle guarantees the loan, so there is no need to pry into your personal life or credit history. Even those who have been bankrupt multiple times have been approved for title loans.

How Do I Apply for a Title Loan?

Applying for title loans in Charleston begins with an online form on our website. We ask for some personal information as well as some information about your car. Please have the year, make, model, and estimated mileage of your vehicle on hand and double check your information. This will allow us to give you a free, instant quote on the loan amount you may be eligible for.

Once you have decided to move forward with the loan process, a representative will contact you at your own convenience to make an appointment for a car inspection. The car inspection will give us a professional estimate on the value of your vehicle.

On the date of the inspection, you will drive the vehicle to a Platinum Lending location. If the vehicle is approved, you will be able to drive off with cash in hand that day after leaving your title with us.

Once you have your cash, you can drive off in your vehicle and resume life as usual. Online title loans are just that easy!

What Are the Restrictions on Title Loans?

Car title loans in SC are regulated by the state government to protect borrowers, so they are subject to several restrictions.

• Only title loans $601 and above are allowed in South Carolina.
• There is no maximum interest rate in South Carolina.
• Borrowers are protected from repossession of their vehicles unless they have demonstrated a complete inability to repay their loans.
• Once a vehicle has been repossessed, borrowers have every opportunity to buy back their vehicles by repaying their loans in full.

What Are the Benefits of Title Loans?

Title loans are secured by the value of your vehicle before you are approved, so they offer some advantages over more traditional paths toward obtaining loans.

• Title loans are more quickly processed than bank loans. We find that most borrowers can get cash within 24 hours, which means whatever the issue that has arisen is, it can be addressed in a more timely fashion.
• Title loans have very clear repayment schedules. We always tell you upfront how much you will owe and when. No borrower has ever been blindsided with a hidden charge or fee after taking out a title loan.
• Title loans have lower interest rates than payday loans. Though they service a similar demographic and offer a similar service, borrowers who choose title loans generally save about 50% on interest.
• You get to keep your vehicle. We would hate to prevent you from getting to and from work or running your everyday errands why repaying your loan. You will have the full use of your vehicle throughout the repayment period.