Getting the financing you need to help fill income gaps or unexpected expenses can be difficult if you're not familiar with your options. Luckily, title loans in Wellform are one very convenient way for you to get quick financing based on the value of your vehicle, not your credit score. This is a unique type of short-term financing that pays to look into.
South Carolina online title loans are available to the majority of the citizens throughout the state. The first requirement is that you're a legal age adult. Sorry, we don't offer loans to minors. You'll need to have a vehicle title in your name that is free and clear from any liens. Lastly, you'll need to have some proof of income that shows you're able to repay the loan you're awarded.
Applying for title loans in Wellform is very easy to do. In a matter of a few minutes, you can get an estimated loan amount. Here are the simple steps to apply:
Title loans are short-term loans that have unique repayment plans. At the time your loan is established, you and your loan specialist will decide on a viable repayment plan that works for your financial situation. They will have clearly gone over the loan term, interest rate, repayment amount, and so forth.
You simply need to pay back your loan in the monthly payment amounts that your loan agreement specifies. During this time, we will put a temporary lien on your vehicle title. Once the entire loan amount plus interest and fees are paid back, we'll take our temporary lien off of your title. In the event that you don't repay your loan according to your repayment plan, we can take possession of your vehicle as it's being used as collateral for your title loan.
Also referred to as a line-free title, a free and clear title is one that is free from anyone else having a stake. For example, when you get a vehicle loan, the lender will put a lien on your title until you pay back the loan in its entirety. This lien gives them the ability to take ownership over the vehicle if you don't pay back your loan according to the loan agreement.
We do request that you have a free and clear title when you apply for one of our title loans. This will ensure that you get offered the most amount of money for your title loan. In the event you have an existing lien on your vehicle title, you can always call our office to discuss if there's anything we can do for you.