If you live in or near Spartanburg, South Carolina there are several possible credit loan options available to you when you find yourself in need of emergency funds. One option may be 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 know some of the advantages of a title loan in Spartanburg, South Carolina, what else do you need to apply for a title loan with LoanMart?
What documents do I need to get a LoanMart Title Loan?
There are only a few documents you need when applying for a title loan with LoanMart:
- 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?
A lot of people think a paystub is the only way you can demonstrate proof of income to a lender. However, there are a number of ways you can show you can pay back your title loan:
- Worker’s Compensation
- Settlement/Court-Ordered Award
- Social Security
How much money can I get with a Title Loan in South Carolina?
This varies based on a number of factors:
- Value of your vehicle
- Loan Terms
- Income (ability to repay the loan)
The value of your car will determine the maximum that you may be able to borrow1. That said, the actual amount you may be able to borrow is based on your ability to repay the loan1.
How do I get a copy of my vehicle’s title?
Your local department of motor vehicles (“DMV”) may be able to get you 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.
How much does interest cost for 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
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 understand a little more about how title loans can help you if you are looking for a loan in Spartanburg, you can see they are a quick, efficient way to get funds in an emergency. You won’t need to wait for a lengthy application process. LoanMart uses a streamlined application process that means you may be able to receive your money within 24 hours3. Use your car with a clear-and-free title in your name to potentially qualify for a title loan of up to $50,0001.
LoanMart’s easy process gives you three ways to contact us that make it convenient for you:
- Visit a participating store
- Call 1-877-787-4923
- Apply online without leaving your home
Once you’ve figured out the best way for you to get in touch, all you have to do is 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!
Don’t let your budget get messed up by an unexpected expense. If you’re looking for a problem credit loan in or around Spartanburg, South Carolina, a title loan might be right for you. Contact LoanMart and let us help you get your budget back on track1.