Title Loans in Hanahan, South Carolina from Loan Cheetah
Title loans are for people with bad credit, people who don’t pay their bills or people who don’t make much money at work, right? Wrong. Title loans are for anyone who needs money now or who needs it fast. Yes, title loans Hanahan are great for people with poor credit, but they are such a convenient, hassle-free way of lending that anyone can benefit from them. In fact, applying for title loans Hanahan does not always have to be about a financial crisis. These loans are available for necessities and for those extras you sometimes want but can’t afford right now.
Title Loans Hanahan
How title loans work is simple; an adult who owns a car with a clear title applies, is accepted and gets their loan money. The reason it’s so simple is that title loans in Charleston and Hanahan are secure, taken out by people who use their vehicle as collateral. Because there is collateral, there is less risk involved for the lender and no need to do a credit check on applicants. No credit check means it doesn’t matter if the applicant has good or bad credit.
Title Loans Hanahan Application
Loan Cheetah has a simplified process to get car title loans online approved and distributed lickety-split! See how much money you can get by clicking the year, make and model of your vehicle, followed by the style and mileage. Then, type in your name, phone number, email and zip code. Click submit and just wait for a loan estimate. You also have the option to call us and give us this information in order to get a loan quote. Either way, after the loan estimate, we do need to talk to you briefly to iron out the details of your loan. This includes repayment information and when and where you want to get your cash. You have the option to pick it up or have it direct deposited into your bank account.
Under South Carolina law, interest rates vary based on the amount of the loan and by lender. Lenders who use higher interest rates must state this in writing on loan documents directly above the borrower’s signature line. Lenders can make loans in any amount up to the fair market value of the borrower’s vehicle. Title loans must be for a period of at least 30 days, but loans can be renewed by the borrower up to six times. Total loan length cannot exceed 240 days.
Title Loan Benefits
Title loans in South Carolina are fair. Your loan amount is based on the value of your car. Other than getting much needed money, which is the biggest benefit of title loans, borrowers also get to keep driving their car while paying off the loan. This means life goes on and is not made chaotic by the lack of a vehicle needed to get around. Speaking of no chaos, Loan Cheetah’s quick and easy loan process means you get the money fast, which means less time for you to stress out and worry about where you’ll find the cash you need.
A title loan is a secured loan, which means they are less risky, and this is why interest rates are lower than those on payday loans. Because the client’s car is connected to the loan as security, there is no need to run a credit check. So what if your credit is less than perfect? It doesn’t matter. If you own your car and have a source of income, a title loan is almost a guarantee.
Loan Cheetah does not charge extra fees for the application and processing, and we don’t penalize our clients who want to pay off their loans early.