Title Loans Wilson, North Carolina
When life throws you the unexpected and you need a short-term loan to get through a temporary emergency, a car title loan can be the answer. Title loans can give you cash in hand in just 1-2 business days to make home or car repairs, put food on the table, or pay your bills.
Title loans in Raleigh and surrounding areas are secured, short-term loans that give North Carolina residents fast and easy access to money. You can qualify for a title loan even if you have been turned down by a bank due to poor credit or other strict requirements. A title loan is secured by the title to your vehicle but, unlike a pawn loan, you do not hand over your collateral to get the loan. Instead, you continue driving your car while paying off your loan. When the loan is paid back, your car’s title is returned.
At North Carolina Title Loans, we take pride in giving consumers an easy way to access the money they need, regardless of credit or source of income, with competitive rates and flexible repayment terms.
How to Apply for Title Loans in Wilson, NC
At North Carolina Title Loans, we are dedicated to a simple and stress-free lending process that begins with completing the easy five-minute online application. This basic application will require contact information and information about your vehicle, including:
We use this information to determine the fair market value for your vehicle. Your vehicle’s value and your ability to repay are used to determine your maximum loan amount.
After submitting your application, you will receive an estimate with a loan amount, interest rate, and repayment terms. A loan representative will then be in touch shortly to finalize your loan and give you the loan proceeds. In most cases, this process takes 1-2 business days from start to finish.
Not sure if you qualify for a car title loan? You will need:
- State- or government-issued ID to verify you are 18 or older
- Clear title. Your car’s title must be clear with no outstanding liens.
- Income. You will need some source of income to repay the loan. This income may come from wages, self-employment, Social Security, retirement, or disability benefits.
Title Loans Wilson Regulations
North Carolina has among the strictest title loan regulations in the United States. While Wilson, NC consumers can legally obtain car title loans and there are no caps to the amount you can borrow, state law caps the interest rate on secured title loans at 30% for licensed lenders and 16% for unlicensed lenders.
While there are no caps on the amount you can borrow, keep in mind your maximum loan amount will be the value of your vehicle to protect the lender from lending more than the collateral’s value, just as a mortgage lender would not make a home loan for more than the home’s value. This also protects consumers by keeping the loan payments manageable. Your loan amount will also be based on your ability to repay.
Reasons to Consider a Car Title Loan
Consumers turn to title loans in Wilson for many reasons:
- Fast funding. You can get the money you need in just one to two days.
- Easy qualifications. You can qualify with a stable source of income and a vehicle with a clear title, regardless of credit.
- Keep driving your vehicle. You continue driving your car while you pay off the loan.
- Save money. A car title loan can be used to stay current on credit card bills to avoid late fees and credit damage or avoid utility disconnection and the high fees that come with it.
If you are facing a difficult financial situation and feel like you have no options, title loans in Wilson can give you the money you need to get through your short-term financial situation. We take pride in offering North Carolina residents with affordable short-term title loans and we are dedicated to responsible lending. Get started today by completing our short online application to get the cash you need in just one to two days.