Title Loans Conway, South Carolina
What do you do if you’re strapped for cash but you don’t qualify for a loan from a traditional lender? Most lenders like banks and credit unions have strict requirements for approval, including having great credit, having verifiable income for at least the past three months and not being in debt. Some lenders will even turn you down if you’ve experienced a deficit in your bank account within the past year.
Luckily, there’s a way out: car title loans. Title loans in Conway are loans based on the value of a vehicle you own. Instead of using your personal credit to secure a loan, car title lenders like Platinum Lending simply use the title to your car or truck as collateral. Getting a loan against your car means you don’t have to go through the embarrassment, hassle and stress of disclosing your credit and employment histories or providing a detailed and personal statement of your household income and expenses. South Carolina auto title loans are the way out for people who don’t have access to traditional credit, but who still face financial setbacks from time to time.
Getting Title Loans Conway
The application process for a car title loan couldn’t be easier: just apply online. In fact, that’s why these loans are sometimes called “online title loans.” Simply fill out an online form with Platinum Lending detailing the year, make, model and mileage of your car or truck and provide some basic contact information. You’ll get an estimate on the spot for how much money your vehicle might qualify you for. A loan officer will then review your information and give you a call at your earliest convenience to go into more detail.
You may even qualify for a loan if you’re currently out of work. Platinum Lending only cares that you have the means to repay the loan, even if your money comes from sources like worker’s compensation payments, disability benefits or alimony payments. Discuss your circumstances with your experienced loan provider to work out the best solution for your personal needs.
Are Car Title Loans Legal in South Carolina?
According to the Better Business Bureau, car title loans are completely legal in Conway, South Carolina. They act as an option for people who don’t have access to traditional forms of credit but who still need help out of difficult financial situations. You can typically expect to receive as much as 75% of the equity you have in your car, though exact numbers depend on your car’s condition. Bear in mind that title loans in Conway are usually short-term loans, which can make interest rates higher than loans with repayment plans that are spread out over months or years. Your lender will work with you to provide you with repayment options so you can choose the one that suits you best.
How Can Title Loans Help Me?
You can put cash in your pocket even if you have experienced:
- bad credit
- no credit
None of these issues matter with title loans in Conway. Because these loans are based solely on the value of your car or truck, car title lenders are happy to provide you with the financial resources you need. In fact, auto title lenders are sometimes the only ones who will say yes when every other lender has told you no. The application process is quick and hassle-free, and you can often walk away with money in your pocket the same day you apply.