Title Loans in North Carolina

A Quick and Convenient Financing Option for Residents of North Carolina

North Carolina is a historic state known for its famous cities, mountainous national parks, and pioneering the invention of flight. Thanks to a bustling arts and culture scene and stunning beaches along the eastern coast, it’s a big tourist destination for people from all over the country. While this is a fantastic place to live, the residents of North Carolina aren’t immune to the steep inflation rise that’s hit the rest of America.

With the cost of living increasing steadily, it can be challenging to cover necessities like rent or utility payments. This can become even more difficult when an unexpected situation pops up, and you’re forced to use emergency cash to cover it. Not everyone can save money, which can be devastating when a financial hardship hits. 

If you need financial assistance, inquiring about a ChoiceCash title loan serviced by LoanMart could be your answer¹! Instead of borrowing money from family or friends, you can take matters into your own hands by potentially using your vehicle title in exchange for quick funding¹. 

Get started today with a ChoiceCash title loan serviced by LoanMart as a North Carolina resident by filling out this inquiry form or calling 855-422-7402¹. Learn why accessing title loans in North Carolina could be a quick and convenient financing option¹!

How Do Car Title Loans Work in North Carolina?

Also known as pink slip loans, title loans are considered ‘secured loans’ because they use collateral as a physical asset. The title lending process works in a simple way. Applicants can use their car’s title as collateral in exchange for funding, making the loan secure. If approved, a lender will place a lien on your title and remove it once the money is repaid. 

‘Unsecured loans,’ like traditional bank loans or personal loans, are more challenging to qualify for because they don’t rely on the use of collateral. Instead, lenders will solely look at a person’s financial history to determine if they should be lent money. If you have a bad credit score, you may be denied. If you are approved for this financing option with a poor score, you may face high-interest rates and hidden fees.

With a title loan agreement, your credit score will be considered with a credit check, but having a lower score won’t necessarily disqualify you. Title loan lenders care more about:

1. How Much Equity Is in Your Car
2. If You Can Repay the Loan

Auto title loan lenders consider your financial history and credit. Still, typically, they care more about how much equity is in your car because the vehicle’s overall value can affect your potential approval and how much funding you may receive. Additionally, proving that you can repay the loan is essential during the title loan inquiry process! You can do that by showing various forms of steady or alternative income.

What Are the Requirements for a Title Loan in North Carolina?

Unlike a traditional bank loan, car title loans in North Carolina have relatively straightforward requirements¹! They are, however, essential to make yourself aware of before beginning the inquiry process. If you can’t meet the initial criteria, you can’t move forward with a ChoiceCash title loan serviced by LoanMart¹! You must:

1. Be at Least 18 Years of Age or Older
2. Have a Qualifying Vehicle Title in Your Name
3. Have a Vehicle With Some Positive Equity
4. Show Proof of a Steady or Alternative Income

You must be an adult at least 18 years or older before inquiring about North Carolina title loans. Entering into any financial agreement is a big responsibility to take on, so it’s crucial that you’re old enough when doing so. 

You also need a qualifying vehicle title in your name to qualify for this loan option. Some circumstances may be accepted outside of this¹! For example, if your vehicle is still being financed, the title loan lender may ask you to complete an authorization form allowing them to obtain information and pay off your loans. Therefore, you may be able to qualify for a title loan if you are still making payments on your vehicle¹.

On top of having a qualifying vehicle title, you must also have a car with some positive equity. Your approval and potential financing amount can depend on your car’s value¹! The great thing about a ChoiceCash title loan serviced by LoanMart is that many types of vehicles may be accepted during the inquiry process¹.

If you want to find out how much equity your car has, you can use this helpful calculator tool available to ChoiceCash title loan borrowers! All it takes is entering in some basic information about yourself and your vehicle. Additionally, you can use websites like Kelley Blue Book to receive an estimate of your car’s overall value in today’s market.  

Finally, showing proof of a steady income ensures that you will be capable of repaying the loan if approved. According to the Consumer Financial Protection Bureau, lenders must ensure a borrower has income to repay their loans before any financial approval is granted under federal laws. This is a safeguard to avoid predatory lending practices! 

With a ChoiceCash title loan serviced by LoanMart, several alternative  income sources may be accepted¹:

• Social Security Benefits
• Worker’s Compensation
• Alimony/Child Support
• Settlement Income
• Some Self-Employment
• Retirement or Pension Income
• Disability Benefits

Contact a ChoiceCash title loan agent if you have questions about your income or circumstances during the inquiry process for a title loan¹! Call 855-422-7402 today.

How Can I Get Started With a Title Loan in North Carolina?

The inquiry and approval process for a ChoiceCash title loan serviced by LoanMart in North Carolina can be quick and convenient¹! It can be an excellent short-term financial solution for covering bills that pop up unexpectedly¹. There are only three main steps involved in the entire operation. They are:

1. Decide How You Want to Inquire

The first step depends on how you want to inquire about auto title loans! You can begin online by filling out this pre-qualification form or talking to a representative over the phone by calling 855-422-7402. 

One of the best things about a ChoiceCash title loan serviced by LoanMart is that you don’t need to drive around North Carolina looking for a location to apply to¹! You can inquire about funding from the comfort of your home by using your smartphone or computer¹.

2. Gather The Necessary Documentation

Step two for inquiring about title loan services is gathering the necessary documentation for your inquiry. The great thing about a ChoiceCash title loan serviced by LoanMart is that all the documents are things that most vehicle owners have on hand; therefore, you won’t spend a long time tracking them down¹.

If you’re missing paperwork for some reason, you can always contact the North Carolina Department of Motor Vehicles to learn about the proper replacement procedures. For a title loan agreement, you will need: 

• Government or State-Issued Photo I.D.
• Proof of Residency in North Carolina
• Proof of a Qualifying Vehicle Title Under Your Name
• Proof of a Steady Income
• Recent Photos of the Vehicle

A government or state-issued photo I.D., like a driver’s license or passport, is used to verify your age and identity. You will also need to provide proof of residency in North Carolina. While a ChoiceCash title loan serviced by LoanMart is available in many states across the country, they’re not available in all of them¹! You must be residing within the covered area. You can show a piece of recent and official mail, like a utility bill or credit card statement. 

Next is providing proof of a qualifying vehicle title in your name. This is crucial during a title loan agreement because the title is used as collateral in exchange for funding from the lender. Without a car title, you can’t move forward with the process. If you are currently financing your vehicle, you may still be able to qualify for a car title loan if you meet the right criteria! Talk to a title loan agent at 855-422-7402 to learn more.

As mentioned earlier, showing proof of a steady or alternative income proves to lenders that you will be capable of making payments on your approved loan! Many alternative income sources may be accepted as proof during the inquiry process, which is why a ChoiceCash title loan serviced by LoanMart can be an accessible financing option for people from different financial backgrounds¹.

Finally, you will be asked to provide recent and clear vehicle photos. This way, a virtual inspection can ensure the car is in good condition and has value. While some title loan providers require an in-person inspection, that can be inconvenient and time-consuming. This is a great online alternative! 

3. If Approved, Collect Your Cash¹

After you’ve sent all your documents in and they qualify during the inquiry process, the final step is waiting to get approved! With a ChoiceCash title loan serviced by LoanMart, you could potentially complete the entire process within the same day as inquiring¹. That’s great news for anyone who has a bad credit score and needs emergency cash. The final step is deciding how you want to pick your funds up! You have several options:

• Use Direct Deposit and Receive the Money in Your Bank Account
• Receive a Check in the Mail
• Head to a Participating Money Transfer Location
• Get The Funds Put Onto a Debit Card

There is a convenient option for almost every situation. Inquire about a ChoiceCash title loan serviced by LoanMart in North Carolina¹!

What are the Advantages of a Title Loan Agreement in North Carolina?

When most people think about applying for loans, they probably imagine a long and arduous process that can cause more headaches than relief. That’s not necessarily the case with a ChoiceCash title loan serviced by LoanMart¹! Title loans are designed to offer people quick financial assistance, which means they can be simple and straightforward to inquire about¹. Below are the benefits you can expect from entering a car title loan agreement!

Flexible Inquiry Process:¹

Traditional credit unions may implement strict requirements for their loan options, which means they aren’t usually accessible to people from various financial backgrounds. With a ChoiceCash title loan serviced by LoanMart, you can expect a flexible inquiry process¹! Many forms of alternative income may be accepted during approval, and it may not matter if you have a bad credit score. 

Quick and Hassle-Free Approval Process:¹

One of the most significant advantages to a ChoiceCash title loan serviced by LoanMart is that qualified borrowers may get approved within the same day as inquiring¹! You may get fast approval for this financing option if you meet the requirements and can provide the correct documentation¹. That’s great news for anyone with immediate cash needs. 

Keep Driving Your Vehicle:

As a resident of North Carolina, you may wonder what happens to your car during a title loan agreement. Title loans work by placing a lien on a vehicle title in exchange for funding from a lender. The great thing about a ChoiceCash title loan serviced by LoanMart is that you can continue driving your car like you normally would, despite the lien placement¹! 

This privilege is only extended to borrowers who make their monthly payments on time. If you miss payments on a car title loan, you risk having your car repossessed¹. 

Many Repayment Options:

As with any financial agreement, there are risks associated with missing payments. With a title loan, not paying back your funds could result in having your vehicle repossessed by the lender. However, this is usually the last resort that any lender wants to take! 

You can avoid this by paying back your funds on time, and that’s easy to do with a ChoiceCash title loan serviced by LoanMart¹. Several repayment options are available, so you never have to worry about missing any! You can:

• Set up Automatic Payment Withdrawals From a Bank Account
• Send a Check in the Mail
• Head to a Participating Money Transfer Location to Pay in
  Person
• Pay Through the Online Portal

No Hidden Fees:

With a ChoiceCash title loan serviced by LoanMart, you don’t need to worry about surprise charges, prepayment penalties, or hidden fees¹! You can pay your loan amount back whenever it is convenient for you¹.

How Can I Use My Title Loan Funds?

When an emergency pops up, accessing money quickly can be crucial. Not everyone has an extensive safety net of savings, which can cause stress when you need cash but don’t have any. Inquiring about a ChoiceCash title loan serviced by LoanMart in North Carolina can be an excellent way to access fast cash when you need it most¹! Below are examples of things you may need extra money for:

• Paying Rent
• Medical Bills
• Utility Bills
• Debt Consolidation
• Home Improvement Projects
• Travel Arrangements
• Wedding Expenses
• Veterinary Services 

It’s not always comfortable to ask family or friends for money, and people with bad credit may not get approved for traditional bank loans. If you’re struggling to cover an expense, inquiring about a ChoiceCash title loan serviced by LoanMart could be the solution¹!

Inquire About ChoiceCash Title Loans in North Carolina Today

North Carolina may be rich in history, but not all the residents of this historic state are rich. You’re not alone if you feel like times are tough right now– more than half of all Americans are currently living paycheck to paycheck, and many do not have more than $1,000 in their savings account.

Don’t let the stress of needing money for an unexpected expense cause panic! You could inquire about ChoiceCash title loans serviced by LoanMart to find out if you can receive the help you need¹. 

The approval process can be quick, flexible, and convenient for residents from various financial and career backgrounds¹. As long as you can meet the simple requirements and gather the correct documents, you may get approved within the same business day as the beginning¹. Get started today by filling out this inquiry form or calling 855-422-7402.

How Can I Pay for My Car Title Loan in Person?

Pay for your car title loan at any MoneyGram location in North Carolina. MoneyGram is often located in convenient public stores such as Wal-Mart, Kroger, or CVS. Call 855-422-7402 to discuss your options with a loan expert, or see the map and location list below to see where your nearest MoneyGram is located:

What Locations in North Carolina Can I Get a ChoiceCash Title Loan in?

ChoiceCash is proud to service residents all over North Carolina including metro areas . Call 855-422-7402 to discuss your options with a loan expert. If you are looking to pay back your title loan in person, check out the city list below to see where your MoneyGram locations near Title Loans North Carolina: