Video answer: Car title loan south carolina 855-407-3899 best auto
Top best answers to the question «How do title loans work in south carolina»
- Title loans in South Carolina are short-term loans, which are secured using the paper copy of your car title as collateral. Loan amounts are based on the market value of your car, your income and ability to repay the loan. Repayment periods for title loans can vary from a month to several months, depending upon the size of the loan amount.
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Title loans are small loans, usually well under $10,000, and they can end up costing you an arm and a leg – or rather, a wheel and an engine. See, if you don’t pay back your title loan, the lender will repossess and sell your car – and keep the proceeds.
Title Loans in South Carolina. A title loan is a quick and easy way to get the cash you need, using your vehicle’s title for collateral instead of your credit score. The amount will be determined by our expert appraisers. Auto Money offers competitive interest rates and gives you the most money for your title with instant approval.
Now that you know some of the laws surrounding title loans in South Carolina, you can see that auto title loans can be a great way to get emergency funds without waiting on the application process of a traditional loan. Your qualifying car title in your name may let you be eligible for a title loan of up to $50,000 1.
Minimum loan amount for title-secured loans in South Carolina is $601. Must be at least 18 years of age (19 in Alabama). Account approval requires satisfaction of all eligibility requirements, including a credit inquiry and motor vehicle appraisal. Must present valid government issued ID.
For a loan that offers a similar amount of flexibility to a Payday loan, look no further than a car title loan. How do Car Title loans differ from Instant Payday loans in South Carolina? Just like instant payday loans, you can use the money from your car title loan for whatever you want, unexpected expenses, emergencies, unforeseen bills, etc. Unlike instant payday loans, car title loans are secured using the qualifying title of a car you own, so you’ll need one to potentially be eligible.