The cost of living in Raleigh is contributing to the debt individuals have in this area. The high living expenses just keeps on increasing overtime and many of the residents are late on payments. To avoid this unfortunate financial situation, you can take out a title loan in Durham / Raleigh. This temporary solution can provide a solution to a permanent problem for most of us. The loan amount you receive can be used for any expenses you come across in your lifetime. However, we advise our consumers to only use this as a temporary fix, and shall not be used to pay for any long-term circumstance.
To get your title, you can inquire about it online or at the location:
Spring Forest Pavilion Driver License
Address: 2431 Spring Forest Road Unit 101, Raleigh, 27615
Phone: (919) 855-6877
Online Process of Applying for a Title Loan
You can begin by inquiring about getting a title loan in Raleigh. You will get a title loan quote directly from our site after you submit for a free application. In addition, you will also receive a call from our customer service representatives informing you of the title loan terms and conditions. Along with the vehicle title you received from your Department of Motor Vehicles, you will need to bring:
- Photo ID
- Proof of income
- Proof of insurance
The representatives will also locate a title loan lender close to your area to finish the transaction. The closest title loan state to North Carolina is South Carolina. You will have to travel to this state to get an online title loan. There is a benefit to traveling to another state, you can enjoy some local hot spots like Myrtle Beach and enjoy the view.
Title Loan Regulations in the Carolinas
South Carolina oversees the operation of title loan lenders in the state. Title 37, Chapter 3 in the South Carolina Code of Laws outlines the regulations lenders must follow. The contracts given to the borrower must include certain disclosures that makes the transaction and agreement more transparent, details like:
- Payment amount
- Annual Percentage Rates
- Repossession policy
- Payment due dates
- Additional fees
must be verbally expressed to the consumer before they agree to sign. Failure to do this can result to a voided contract, and any money given to the borrower or asset taken by the lender must be returned. Vehicle repossession happens when you express to the lender that you cannot make more payments toward the loan. Some lenders may allow a grace period for you to pay off the remaining principal balance, while other can provide you with more leeway on late payments. It is important to discuss your options with your title loan lender as each company may differ from each other. You can also take the option of refinancing your existing loan with one of our lenders which can mean lower interest rates, lower payments needed, and an easier way to pay your existing loan off.