Don’t waste another minute wondering how to get the money you need when it’s available to you right now. By using one of your best assets, namely your vehicle, you can get money as soon as today. Your path to fast cash begins by applying for title loans in Charleston.
Applying for title loans Charleston takes much less time than applying for other types of loans. In just a few minutes, you can complete a title loan application and receive a loan offer. Loan money could be yours within a day!
Title loan applications are short because title lenders only need a little bit of information. Just give us your name and your contact information so we can talk about the loan after you receive our offer. We also need to know something about your vehicle, such as its make and model, because that is the key to your loan approval.
Title loans are simple transactions that require the borrower to put up their vehicle as collateral. As long as the applicant owns the vehicle, they can apply for a loan based on the car’s value. Other requirements are for the applicant to be at least 18 years old and have an income. This money can come from the applicant’s job, but if they are unemployed, it can come from unemployment benefits or another source, such as alimony or retirement benefits.
There is no requirement for a credit check when you apply for title loans in Charleston. With traditional loans, those scores need to be high enough, or the loan is denied. The applicant’s credit report should not have many late payments or other negative items, or the loan could be denied. With title loans, none of that matters. Title lenders are more concerned with the collateral put up for the loan than they are about credit scores and reports.
After you receive our offer and decide to accept it, we’ll talk about the whole loan package. If you have questions, we’ll answer them at this time. Everything about title loans is explained to you, and we set up your payment plan and work our a few other loan specifics. Processing the loan can be completed in hours or less, which means you could get the money not long after you apply.
Anyone who has ever applied for a traditional loan might think it’s a similar process for title loans Charleston. Fortunately, title loans are alternative funding and don’t follow the same path as standard loans. When you apply for a title loan, you know going in that your car, truck or motorcycle is what gets you the loan, so there’s no wondering whether or not you will be approved or denied.
When you are approved for a title loan, you get the money fast. Most people receive the cash the same day they apply for the loan. In exchange for the money, the borrower gives the lender the title to the vehicle used as collateral. When the borrower pays back the loan, the title is returned to them.
Borrowers are told how title loans work before they are allowed to sign a loan agreement. This information includes the consequences of not making all the loan payments. If a borrower is very late in making payments, their vehicle could be repossessed. When a borrower defaults on a loan, their vehicle may be sold so the lender can get back the outstanding loan balance. Before these things happen, title lenders try to work with clients to keep loans current.
One of the many benefits of Green Maple Title Loans, other than fast processing and extremely easy approval, is flexible payment terms. This means the borrower has the option to renew their loan so they have more time to make payments and avoid having their car repossessed.
Another great benefit of title loans is that borrowers don’t have to endure a traditional loan process. Mainstream lenders have longer applications, tend to ask for employment and bank documentation and may take days or weeks to process loans. An applicant won’t know until the end of that process whether or not they get the money. Title lenders offer a streamlined process that encompasses and completes everything in a day or less for most applicants, which means the money is in the borrower’s hands in just hours.
To check or not check an applicant’s credit. That’s not a question when it comes to loan applications because traditional lenders always run your credit, even when they require you to put up collateral. Title lenders offer cash loans without a credit check, which is one of the best perks about these alternative loans. Without a credit check, all the people who have poor or bad credit have a great chance to be approved for funding. While other lenders automatically deny these consumers, title lenders welcome them and treat them the same as any other applicant.
Other title loan perks are that you get to keep the car while paying back the loan, and your information stays private. We offer confidential loans and don’t tell others business. Also in your favor is interest rates that are lowest among similar types of alternative lenders. This means you can save a few bucks on interest payments.