by nedrah | Mar 31, 2022 | Auto Title Loans, Car Title Loans, Title Loans
Title loans or Auto title loans are one of the simplest solutions today for people who are looking for fast cash and that too in a short period of time.
There is a debate that definitely goes on as to whether title loans are better or worse as compared to other forms of loans. It is pertinent to mention that any loan can be a boon or a disaster depending upon how well has the individual planned before signing up for one.
Title loans and auto title loans have certain distinct features and advantages as well as few limitations hence it would be wise to conclude that these kinds of loans are for a specific need and situation.
Let’s understand reasons why a SC title loans may be considered as a good option for a borrower:
- Simple and Quick process – surely, a title loan can be completed, approved, sanctioned and disbursed in less than an hour! This allows a borrower with super fast access to money and it makes him ready to meet an unexpected financial challenge or crisis.
- Borrower only needs a car – which is sufficient for him to apply for an auto tile loan and have it approved. As soon as the loan is paid, the title is clear again.
- Borrower can use their car during the loan tenure – which allows them to continue life as usual and use their vehicles for work or personal purpose.
- Terms of loan and payment patterns are flexible
- It is less expensive than a cash advance
For more details, visit the website today.
by nedrah | Mar 25, 2022 | Auto Title Loans, Car Title Loans, Title Loans
Do you know- how car title loans started?
If you are new to it, then you are at the right place. Yes, in this blog, we will introduce you to the history of car title loans and how it all started.
Early 1990s was the time when title loans came into limelight and that opened a new market, where individuals with poor credit could seek loans. This specific feature of title loans grabbed eyeballs and since then it has grown increasingly popular.
According to studies by the Center for Responsible Lending and Consumer Federation of America, auto title loans have been one of the most popular forms of fundraising amongst people in the west.
Since these are unsecured loans, such as payday loans, they need collateral. For those who owned a vehicle, the car titles were the most reliable way to secure the loans. However, it came with a risk that the borrower could lose their vehicle if they can’t repay the loan. Irrespective of the circumstances, it invited high interest rates that always have APR in the triple digits. These huge sums of money are sometimes called “balloon payments”.
When it comes to the working then similar to a traditional auto title loan, it uses both the car title and the physical vehicle to secure the loan. And, it has the same risk and factors involved for the borrower but the best thing is that the borrowers get easy cash with quick approval.
by nedrah | Mar 21, 2022 | Auto Title Loans, Car Title Loans, Title Loans
Auto title loans allow you to put up your vehicle as collateral and take instant cash which could be up to 50 to 60% of the total value of your car. Such loans can be paid off in a single shot or can be paid in EMI’s which would attract an APR.
Title Loans in SC
Applying for auto title loans in SC is relatively easy and fast as well compared to other places. Title loans in SC can be applied through various companies such as 1st Capital Title Loans. If there is an urgent requirement for cash or if your debt is increasing, then it is recommended that you apply for title loans in SC via any reliable company.
When you are applying for auto title loans in SC, you need to have before you approach a lender or title loan provider:
- Vehicle
- Clear Vehicle Title
- Valid Government-issued ID card.
You can apply for auto title loans in SC via a variety of ways: using your motorcycle or car as collateral. The first step would be to find a reliable and trusted lending company. It is also important to compare offers from various companies. You can then apply for a loan online or In-store.
For In-store, applicants must have:
- Valid government identification such as passport.
- An active bank account statement from within past 60 days.
For online process, applicants must provide:
- Personal info including e-mail, SSN and valid ID
- An active bank account statement from within the past 60 days.
- Must be a resident of SC
Life is full of unexpected situations and sometimes we are not fully prepared to meet short term financial needs. It is best to choose auto title loans especially when you are not eligible for traditional loans.
by nedrah | Mar 9, 2022 | Auto Title Loans, Title Loans
Auto title loans are tempting for those who need fast cash to meet their urgent requirements right from health expenditure or unexpected bills. However, you should be able to manage your expenses, debts, and cope with any emergency smartly.
When you act smart with your finances and the amount you get out of SC title loans, you can save yourself from the loop of debt that people usually claim in title loans. Well, you don’t need to worry much about them because those are the ones who can’t manage their finances properly and end up paying high debts.
If you have a vehicle, you could get fast cash through SC title loans because that would be kept as collateral against which you will raise funds from the agency that grants auto title loans. Make sure that your vehicle is in working condition because it is counted at the time of granting the loan. Also, you should have 100% ownership of the vehicle without any third party stake in it.
Money management is the most important aspect of title loans that nobody might have told you. If we dig deep into the rates of interest and the entire cycle of auto title loans, you have to be judicious while spending money. In clear terms, stop being a spendthrift and spend money according to your needs.
If you can’t control your expenses and repay the SC title loans, then you may lose your car because that car is the security against which you raise funds. We would recommend you to be cautious even if you are raising loans for domestic expenses. You have to be smart with the expenses.
by nedrah | Feb 4, 2022 | Auto Title Loans, Car Title Loans, Title Loans
Auto title loans are a type of short-term loan, which is not collateralized by the borrower’s car or any other vehicle. These loans have gained popularity over the years because of their convenience and speed.
A title loan typically takes less time than a personal loan and the whole process is much straightforward. However, it is important to ensure that you know all the details related to auto title loans before applying for one.
These loans are very simple to apply for, easy to get approved for and a great way to get quick cash. The application process is simple and you can get the money in your hand in as little as one hour. The interest rate is relatively low and the terms are flexible. This can be a great way to cover unexpected expenses or pay your monthly bills on time.
Auto Title Loan is a loan which is quickly given to you. It is a short-term loan based on the value of your car or truck. The lender comes with a check and you give them your car title.
The benefits of auto title loans are:
-Fast approval time.
-No credit checks or bank account needed for approval.
-Quick funding time as well. You’ll get the money at your doorstep in just 24 hours.
-You can work on the loan the same way you do with any other personal loan. Just make sure that you pay off
So, this was all about title loans. We hope that you are clear with the idea of title loans and how it is going to be beneficial for you in the long run.
If you have any questions about title loans, please don’t hesitate to contact us, we will provide you with the needed financial assistance.
