Title Loans in Charleston, South Carolina from Loan Cheetah
If cash is tight right now, title loans in Charleston can get you out of your financial bind. With your free and clear title, you can have title loan cash from Loan Cheetah to use for any expense.
Using your car to secure a title loans in South Carolina is not something that should be taken lightly. Although a title loan offers a great short term solution to your financial shortfall, there are consequences if you fail to abide by your title loan contract with a title loan company.
Top 10 Questions Asked About Title Loans Charleston
At Loan Cheetah, we want you to know as much information about title loans in Charleston as possible. For that reason, we have created a comprehensive list of questions that our customers ask our title loan representatives about our lending process. Here are the top 10 questions asked about title loans.
Q: What are title loans Charleston?
A: Title loans are a popular way for our customers to get cash to pay for unexpected emergencies, bills, vacations or tuition. In fact, our customers have used money from title loans to pay for all types of expenses. A title loan is a loan that is based on the value of your car. If your car is worth $5,000, you may be able to get a loan for any amount of money up to the value of your car. In exchange for the title loan cash, our company is listed as the lien holder on your title. Although we are listed on your title, we do not own your car. You keep your car and the ownership rights. After you repay the loan, our company's name is removed as the lien holder. Once the loan has been satisfied, you will not have any financial obligations to us.
Q: What are the auto title loan requirements?
A: The best part about title loans with our company is we do not conduct credit or background checks. Our eligibility requirements include:
- You must be at least 18 years old to sign a loan contract with our company.
- Your car's title must be free and clear.
- You must have a valid driver's license.
- The car must be legally registered in South Carolina in your name.
- You must have income that is regular and verifiable.
For additional information about our title loan requirements, we invite you to contact the title loan representatives at our company. Our knowledgeable representatives have answers to all of your questions.
Q: What are the consequences if I do not abide by the terms of the auto title loan?
A: Although title loans have a 90 percent successful repayment rate in the United States, there is a small percentage of people who do not experience title loan success. If you do not abide by the terms of the title loan, your car can be sold to repay the loan. For this reason, it is important for you to borrow an amount that you can afford to repay.
Q: How do I apply for title loans with Loan Cheetah?
A: We have an online portal that makes applying for a title loan with our company super easy. Just click the 'Apply' button on the upper tab of our website. Complete an application by providing your personal information and automobile information. Receive an online quote of your vehicle's value. Speak with a title loan representative to complete the loan process.
Q: What is the purpose of an auto title loan quote?
A: The value of your vehicle is the basis for a title loan with our company. Our loan packages are structured according to how much the vehicle on the application is worth.
Q: When and how do I receive my title loan cash?
A: Your quick and easy title loan cash will be deposited into your account a few days after your loan has been approved. Depending on your bank's direct deposit policy, your deposit time may vary.
Q: How many title loans can I get for one car?
A: We do not offer multiple title loans for the same vehicle. After your loan has been repaid, you are welcome to apply for another loan with our company.
Q: What are the benefits of title loans?
A: Title loans have helped millions of people in the United States get through tough financial times. Some of the benefits of title loans include:
- No credit checks required.
- Bad credit will not keep you from your emergency cash.
- Title loans have a more affordable rate than other short term loans.
- The title loan application process is quick, easy and hassle-free.
Q: What is a free and clear title?
A: A free and clear title means that you do not have lenders listed on your title as lien holders. When you have a free and clear title, it shows that you own the car. If the car is sold, the proceeds of the sale belong to you.
Q: Are title loans legal in South Carolina?
A: It is legal to secure a title loan with your vehicle in South Carolina. The interest rate for loan amounts under $600 is capped. For amounts over $600, title lenders can charge any amount of interest. Lenders must provide you with a written contract that provides every detail of your title loan.
Our company partners with our customers to create affordable loan packages. If you are a South Carolina resident who is considering a title loan, we invite you to complete an application.