We are currently not providing car title loan services in this state. The information brought here is meant to explain in general terms what auto title loans are. You can still submit a loan request for installment loans with us.
Title Loans in North Carolina
Living in America is quite a rollercoaster ride. Here incidents happen really fast and can catch you all of a sudden! With hurried travel trips, parties, and even accidents, you can never know what is gonna happen tomorrow.
And with these unforeseen situations come unanticipated expenses which are really hard to cover and handle on short notice. While many locals would approach banks, their long application process and closed credit criteria make it very difficult for them to borrow any fast cash.
During these times, people can select between two easy short-term financial options ( payday loans and title loans) where they can apply without any hassles and get instant cash for their needs.1
However, as payday loans have shorter repayment terms and comparatively high-interest rates, title loans become a better alternative for people in need.
Let’s understand how these secured loans function and how you can take benefit of North Carolina title loans.
What Is An Auto Title Loan?
Title loans are fast and easily secured loans that allow people to utilize their car title and avail of extra cash in exchange.1
These collateral loans are well-known for having easygoing credit criteria and an uncomplicated application process that allows people with bad credit and unemployed ones to apply and get approved within 1 business day.2
Car title loans are notable by several other names including pink slip loans, title pawns, and auto equity loans, and don’t require the applicants to submit their car while making monthly payments.1
How Does The Title Lending Process Work?
In North Carolina, the title loan process is very simple and doesn’t require going through the hard application process and you can expect to get the loan amount in your bank account within the same day.2
Here are some great reasons why looking for a title loan is a much better option than other lending options.
- Easier application process that allows people to complete the entire process within the same day and get funds while sitting in their homes.1
- Flexible lending terms that don’t require applicants to submit their collateral while paying back the title loan installments.1
How Easy Is It To Get Car Title Loans In North Carolina?
Unlike a traditional bank loan, online title loans don’t need you to deal with the stress of checking off a long list of conditions or bringing in loads of documents to get approved for a loan. You can apply online for auto title loans in North Carolina by satisfying the following conditions:
Conditions To Be Eligible For A Car Title Loan In North Carolina
- Present a qualifying lien-free car title registered in your name.
- Documented proof of your address in North Carolina
- Must have an age of equal to or older than 18.
- Have a steadfast income source to make timely payments.
Once you are sure that you meet all these above conditions, you can go ahead and apply for the title loan with 5 Star Car Title Loans.
Steps For Getting Car Title Loans in North Carolina
Step 1: Fill out An Application Form To Know Your Loan Eligibility
You can call our team at (888) 309 0994 or go to our website and know whether your car can be eligible for a loan or not.
Step 2: Apply Online By Filling Basic Details
After you get the conditional approval, you can move on to the next step and learn about the important terms of your loan including the actual loan amount you can get, the annual percentage rate, repayment plans, etc.
Step 3:Submit Requested Documents and Car Pictures
Once you understand and agree with all the loan conditions, you can send in the requested documents to get your loan request processed and finalized.
Step 4: Sign The Contract and Receive Money Within 24 Hours2
Once you get the final approval from the loan lender, your loan request will be processed and you can the loan proceeds in your bank account within one business day.
Can I Qualify For A Car Title Loan If The Title Is Not In My Name?
Sadly, if the car title you have is not in your name, your title loan application cannot be processed. But don’t panic just yet, as every problem has a solution. You can get your title transferred by following some simple steps.
You can begin the process by paying a visit to the nearest Highway Safety and Motor Vehicles Department and do the below-mentioned things:
- Request a title transfer: You can do that by either filling out the application form online or offline. And if you opt for the offline way, make sure to bring it along during your visit to the HSMV.
- Important documents to bring along: In addition to the car title, you need to bring in your driver’s license, vehicle registration, and other identifying documents.
- Make the payment: After document submissions, the DMV department will require you to submit a small application fee after which your title will be transferred.
When the title will get transferred in your name, you will get a notification and then you can reach out and take the benefit of car title loans.
Can I Apply For Auto Title Loans With A Bad Credit Score?
You sure can!1
As compared to other traditional loans, title loans concentrate more on the collateral of the person rather than his credit report. Although some loan providers do conduct regular credit checks, they consider several other factors and credit history does not become a big obstacle.1
Given that you fulfill all those requirements and demonstrate a trustworthy ability to repay the loan, you’ll be able to apply and get approved for a car title loan even with bad credit.
Are There Any Prepayment Penalties?
No matter who you are and where you live debt is something most people don’t like. And given a chance, they would like to pay it off as soon as they can.
Even though various title loan services do charge prepayment penalties, the 5 Star team focuses on assisting clients so that they can easily take some emergency cash and when they get back their money they can pay it back without any complications.
We also provide flexible repayment options where people can opt for their own repayment schedule and pay back in monthly installments without stressing.
Benefits Of Choosing 5-Star Car Title Loans In North Carolina
Generally, taking a title loan can be really hard. However when you choose to apply with an organization such as 5 Star Car Title Loans, you can enjoy great benefits that can make your loan application process smoother and effortless.
Here are some benefits we provide to improve our customer experience:
- High Approval Ratio1
- Fast and Uncomplicated Application Process1
- Competitive Interest Rates For Title Loans
- Flexible Repayment Plans
- Loans For Bad Credit
Call Today and Get Fast Cash For Your Home!
Going through tough financial times is quite hard and even though we try our best, stress can creep in and make our heads swivel.
So, before the worry gets you, you can reach out for our help and apply for a personal loan to take care of your sudden expenses.