Life can hit us with unexpected financial obligations, and sometimes they can be expensive. From a medical emergency to a mechanical issue with your home or car, you might be considering taking out a loan. If you have poor credit, though, it may be near impossible to get the money you need. So, where can you apply for a loan in South Carolina loans with poor credit? At LoanMart, we may be able to help you get the money you need without worrying about your credit score affecting your approval1.
Getting Loans with Poor Credit
Traditional lenders can make you jump through hoops and fill out mountains of paperwork before you find out if you’re approved. They almost always require minimum credit scores, and sometimes those scores can be challenging to meet.
LoanMart understands that we all make mistakes and sometimes, our credit score suffers. That doesn’t mean you don’t need money as much as the next person when an emergency strike. To make it less stressful for you, LoanMart has made it easy to apply for a loan even if you have poor credit. With LoanMart’s auto title loans, you could qualify for up to $50,0001.
How Does an Auto Title Loan Work?
LoanMart wants to provide the opportunity for all types of customers to get the funding they need. One of the best benefits LoanMart offers its customers is an auto title loan without having to worry about a perfect credit score1.
Instead of using your credit score, LoanMart uses the clear-and-free title of your qualifying vehicle as collateral for a loan. Then, the amount that you may be able to receive is determined by the equity of your vehicle and your ability to repay the loan1.
It’s just as easy as it sounds! All you need to do is apply for the loan, send in the required documents, and you may have the money you need in less than one business day3! Once you’ve received your loan amount, LoanMart has an online billing system that you can use to pay off your loan. You can expect loan terms to range from 12 to 48 months and come with no prepayment penalties, so you can pay the loan off sooner.
Requirements for Car Title Loans
With LoanMart, there aren’t many requirements when it comes to auto title loans. The first thing you need is a qualifying vehicle with a clear-and-free title.
The next thing you’ll need is proof that you can pay back the loan. All you need is proof of income which could mean social security, retirement funds, pay stub from your current job, or other forms of regular income you may receive.
With those two requirements, you are just one step away from getting an auto title loan to cover your expenses1.
Required Documents for Auto Title Loans
Once you submit your loan application, LoanMart will contact you to request other important documentation that helps verify your identity and your vehicle. It allows LoanMart to provide you with the most accurate quote and the most competitive interest rates. You’ll need:
- Vehicle title
- Valid identification (driver’s license, state ID)
- Proof of residency (utility bill, cable bill, credit card statement)
- Proof of income
- Proof of vehicle insurance
- VIN, odometer, license plate
- Pictures of the vehicle
How to Get an Auto Title Loan with LoanMart
The streamlined loan application process is easy, quick and user-friendly, which means you’re not wasting your valuable time waiting in line. You can complete the application process in just 3 steps:
Step One – Apply
You can apply with LoanMart in many different ways. You can:
- Submit your application online
- Request your loan by phone
- Head to the nearest participating location
In a short matter of time, a LoanMart representative will contact you with a free quote!
Step Two – Submit Documents
A LoanMart representative will contact you about the required documents. If you have all the information ready when they call, you may be able to complete this step in less than an hour!
Step Three – Review, Sign and Collect1
Once your application is approved and finalized, the last steps are to review the terms of the agreement, sign on the dotted line and collect your funds1!
Your LoanMart representative will have your finalized terms and agreement with your loan amount and interest rate. We make sure every customer understands their agreement, so we want you to read the agreement. We understand a loan is a big financial decision, no matter where you get it from, and we want our customers to be informed.
Once the agreement is signed, you can have the funds deposited into your account, or you can head to the nearest MoneyGram location to receive your funds. So, what are you waiting for? Give us a call today to get started on your application! Our customer service team is here to help you out!