Sometimes you find yourself at the crossroads of life where you feel you need to go in a different direction career-wise, or maybe you need to attend school in order to get a better-paying job. It’s not uncommon for many people to go back to school at some point in their lives whether it’s to a community college or university. But a big deterrent to doing so is usually tuition costs, textbook fees and even lab costs. If you plan to return to school and have tried applying for scholarships but haven’t been able to get any, we can help at our title loans in Sandville, SC company.
Title loans are loans that are given to people who completely own a vehicle and the lender holds onto the vehicle’s title until the loan is repaid. These loans are a little similar to pawning items except in this case you get to keep your vehicle and drive it. But unlike some loans that have restrictions on what they can be used for, title loans have no restrictions and can be used to pay for anything including schooling. Our South Carolina car title loans have several steps you need to take to apply for them, and they also have a few laws you should know about.
Title loans are basically a portion of what your vehicle’s current sales value is. Our application process will first give you a quote for what you might be able to get for a title loan based on your vehicle’s make, model, year and mileage. But you’ll need to meet with one of our lenders to get an accurate quote on your vehicle which will mean getting an inspection and appraisal. But by completing our application process first, your meeting with the lender will go a lot quicker.
You will also need to provide proof in your application that you are at least 18 years old, completely own your vehicle, reside in South Carolina and have a source of income. To do so, you’ll need to bring the following:
If your title still has liens listed on it and you’ve paid them all off, you should be able to get a clear title by taking it down to the DMV and paying a small fee. Once you’ve complied with the application requirements, you’ll just need to sign the final documents indicating your agreement to your payment terms and the loan interest rates.
The barriers to getting title loans in Sandville, SC aren’t that high, but there are laws in South Carolina’s state legislature that you should still be aware of. One of the most important laws outlaws no income title loans by stating that the lender has to be able to determine in good judgment that the borrower can repay the loan before issuing it. Now this does not mean that you have to be employed to get a title loan. But you do have to have some sort of income be it social security, disability, money from odd jobs or online sales that you can verify in order to be approved for title loans.
Our company is very easy to work with and we’ve made sure the process goes even faster by eliminating credit checks. That’s because title loans are secured through a vehicle’s value and its title and so long as you own a vehicle and have income, it doesn’t matter what your credit history is like. Your credit score also won’t be affected by your application as we do not report to any of the three credit bureaus.