car title loans Lakewood

Title Loans in Lakewood, SC

People get title loans in Lakewood because they are in need of emergency cash. They may get a title loan if they need to get their car or HVAC system repaired. They may also get a title loan if they need to travel for a family emergency. Additionally, title loans are often used for medical bills.

Why do People get Title Loans in Lakewood?

Title loans in Sumter are collateral loans. Collateral is something that is pledged as security for loan repayment. If you get a title loan, then your car title will be the collateral. This means that the lender does have the authority to take your vehicle if the loan is not repaid.

Getting Title Loans in Lakewood

If you want to get a secured loan from us, then you will need to visit our website. You can apply for one of the title loans in Lakewood online. This is a simple process that will only take a few minutes of your time. After you turn in your application, a representative will call you. The application will be completed, and you will get your money.

Do I Need a Job to get a Title Loan?

You can get a title loan with no job. You can get approved as long as you can provide proof of income. This income can come from a variety of sources including child support payments, alimony, unemployment checks and Social Security benefits.

Does my Credit Matter?

Your credit score does not matter. In fact, you do not even have to get your credit check. These loans are secured by car titles. This eliminates the need for a credit check.

Car Title Loan Laws

Consumer protections are put in place to ensure that borrowers are treated fairly. Title loan laws typically start at $601. The reason that lenders typically do not give out loans that are less than $600 is because South Carolina law forbids them from charging interest on loans that are under $600.

Renewals are allowed if people have trouble paying the loan back. However, South Carolina law does not allow the loan to be renewed more than six times. Lenders are required to inform borrowers that they will be charged more interest if they roll over their loan.

Benefits of Getting Title Loans

One of the biggest benefits that comes along with getting title loans in Lakewood is that they allow people to get money quickly. In most cases, car title loans are typically processed in less than one day.

Almost anyone can get a car title loan because there is no credit check required. In fact, many people apply for title loans because they have been turned down by other lenders. Traditional banks are reluctant to lend to people with bad credit.

Furthermore, you can still keep and drive your car. Your lender will have the title to your car, but you can still drive it. You will be able to get the funds that you need without changing your life.