If you live in or near Charleston, South Carolina there are a number of emergency loan options available to you if you find yourself in need of emergency cash or funds. One option is a title loan from LoanMart. A title loan has a number of advantages over other loan types:
- Competitive loan terms – Because title loans are secured, you are often able to get access to more money, at a better interest rate, for a longer repayment period.
- No lengthy application process – you may be able to get your money in as little as one business day3.
Now that you are aware of the benefits of choosing a LoanMart title loan over other emergency cash options available in Charleston, South Carolina, find out what you need to know to apply for one.
What do I need to get a Title Loan from LoanMart?
You’ll need to get a few things together for your title loan application:
- Clear-and-Free title for the vehicle
- Government-Issued Photo I.D. (Driver’s License, State I.D., Passport, etc.)
- Photos of the front, back, and sides of vehicle
- Proof of Income
- Proof of Residence (Certain pieces of mail)
What is considered proof of income for a Title Loan?
Using a paystub is a common way of demonstrating proof of income to lenders. However, there are a number of other ways you can show you’ll be able to pay your title loan back:
- Worker’s Compensation
- Settlement/Court-Ordered Award
- Social Security
How much money can I get with a Title Loan in South Carolina?
A variety of factors influence how much money you can receive for a title loan:
- Loan Terms
- Value of your vehicle
- Income (ability to repay the loan)
The value of your car will determine the maximum that you may be able to borrow. That said, the actual amount you may be approved to borrow is based on your ability to repay the loan1. In South Carolina, LoanMart car title loans can’t be taken out for less than $1,100.00.
How do I get a copy of my vehicle’s title?
Your local department of motor vehicles (“DMV”) may be able to provide you with a copy of your vehicle’s title. LoanMart may be able to direct you to the nearest DMV capable of expediting your duplicate title request. LoanMart may even be able to assist you directly with the duplicate title. If you can add LoanMart as a lienholder at that time, you may be able to speed up the loan process.
What is the interest on a Title Loan?
LoanMart can charge a maximum APR of 209% in South Carolina for a title loan.
Are there any costs other than the interest for a Title Loan?
Applying for a title loan is free. However, it is possible that there will be other fees and charges associated with the loan. LoanMart will provide all fees associated with the loan during the application process.
How long do I have to pay my Title Loan back?
LoanMart Title loans in South Carolina have terms ranging from 12-48 months.
What happens if I fail to pay my Title Loan?
In the worst case scenario when a customer cannot make payments, the most effective strategy is to maintain constant communication with your lender. If you continually communicate and the lender knows where you stand, most lenders will work with you. All lenders want to work with their customers to help them pay the loan back by keeping an ongoing dialog. Payment plans and help are usually available. When a customer falls silent is when they run into issues.
The best way to handle your financial situation is to keep in contact with your lender. When you pick a lender that understands your financial situation, you can both work on a plan that will satisfy your lending terms and your current budget
How to get a Title Loan with LoanMart
Now that you know some of your loan options when you are in need of emergency cash in Charleston, South Carolina, you can see that title loans are a great way to cover an unexpected expense. You won’t have to wait through lengthy application processes. Because of LoanMart’s streamlined application process, the time between when you submit your information and when your money arrives could be less than 24 hours3. If you have a car with a clear-and-free title in your name, you may be eligible for a title loan of up to $50,0001.
LoanMart’s easy process gives you three ways to apply for a loan that make it convenient for you:
- Visit a participating store
- Call 1-855-422-7412
- Apply online without leaving your home
Once you’ve figured out the best way for you to apply, all you must follow these steps to get the money you need1:
- Complete the application
- Submit the required documents to LoanMart
- Review and sign your LoanMart agreement
- Collect your funds!
If you are in or around Charleston, South Carolina and need emergency cash, consider your car title to get a title loan with LoanMart to help relieve your financial stress.