Title Loans in Sans Souci, SC
Title loans are a popular option among people who need quick cash. Title loans are secured loans. You get Greenville title loans by using your car title as collateral. Title loans are fairly simple to get because most credit types will be approved. They also do not require a lot of paperwork. A lien-free title and proof of income are the requirements that you will have to meet.
Applying for Title Loans in Sans Souci
You can get one of the South Carolina title loans by filling out an online application. You do not have to come to our office to fill out the application. You are required to provide your contact information. You will also need to give us information about your car. This includes the make, model and mileage of your car. This information will be used to provide you with an auto title loan estimate.
Title Loans in Sans Souci
One of our representatives will call you after you complete your application. The loan representative will help you finalize the process. They can also answer all of the questions that you have about title loans in Sans Souci. We want to make sure that you understand everything before you sign on the dotted line.
Title Loan Laws
Lenders do have some freedom to set the rules that they want. However, there are South Carolina laws that they will have to abide by. The maximum term for the loan must be 120 days or less. You can renew the loan. Renewing the loan is essentially extending the amount of time that you have to pay it. You cannot renew a loan more than six times.
Lenders are required to give out a loan that is equal to or less than the value of your car. South Carolina’s maximum interest rate laws only apply to loans that are under $600. That is why lenders typically will set the minimum amount that people can borrow to $600. Most online title loans range from $600 to $2,500.
Lenders are required to inform borrowers of the maximum amount of interest that they will be charged. They are not allowed to give out an interest rate that is higher than the one that is advertised. They also have to let people know about what the new interest rate will be if they decide to renew the loan.
All lenders are required to exercise good faith judgment when approving people for loans. This means that they are required to carefully review all of the applications. They can only lend to people if they are confident that the person can pay them back.
Payday Loans Vs. Title Loans
Payday loans and title loans in Sans Souci are both options if you need to get funding quickly. However, they are quite different. Payday loans typically have a two-week term. They are designed to pay for expenses until one’s next pay period. They have extremely high interest rates. Payday loans do not require collateral.
Title loans have longer terms and lower interest rates. You will likely be able to borrow more money if you take out one of the title loans in Sans Souci.
