Do I Need to Apply for Title Loans in High Point, in Person?

No, you do not have to apply in person to obtain a title loan in High Point. One of the most significant advantages of this loan option is that you can begin your inquiry at home with a smartphone or computer.

Bad credit scores may make it difficult for you to qualify for a traditional bank loan, as they indicate a history of financial instability. With online title loans, the requirements can be straightforward and accessible to those from various financial backgrounds. For example, you don’t need a 9-5 job to qualify for a car title loan, although you will need to provide proof of income.

Inquiring about car title loans online in North Carolina can be easy. In fact, it can take just a few simple steps to apply! Qualified borrowers could get their funds in as little as one business day with a ChoiceCash title loan!1

Begin your inquiry with a ChoiceCash title loan serviced by LoanMart by filling out the pre-qualification form. Or, call 855-422-7402 to speak with a title loan representative.1

How Do Title Loans Work in High Point?

Car title loans can provide you with quick access to funds if you are in a financial crisis!1 Title loans, also known as pink slip loans or auto title loans, work by allowing a person to borrow money based on the amount of positive equity in their car. The car title serves as collateral for the funding, making it a secured loan.

Unlike personal loans, title loans are secured loans that borrowers can obtain with bad credit. Collateral is not used during the application process for an unsecured loan.

Many title loan lenders will run a credit check on an applicant during the inquiry process. However, an applicant’s credit history is not the primary focus of the approval process. The two factors that matter the most during a title loan inquiry are:

  • How Much Positive Equity You Have in Your Vehicle
  • If You Have a Steady Source of Income or Alternative Income

Your vehicle’s equity and your income are used to determine your eligibility for a car title loan. Additionally, those two factors are used to determine your loan amount. Car equity is the difference between the current value of your vehicle and how much you still owe on it. If you want to learn more about your potential title loan amount and your car’s equity, just use this helpful title loan calculator tool. Most vehicle owners are unaware of their car’s current equity. You can use the ChoiceCash title loan calculator to get an estimate, free of obligation!1

During a title loan inquiry, you must submit proof of consistent income to verify your ability to repay the loan. One of the major advantages of applying for a title loan is that you can prove your income in a few different ways. Many people do not work a 9 to 5 job, so traditional employment is not required. This is why title loans can be accessible to many residents of High Point! Below are examples of alternative income that can be accepted:

  • Social Security Benefits
  • Worker’s Compensation
  • Child Support/Alimony Payments
  • Pension or Retirement Income
  • Income from Self-Employment

To learn more about income verification for an online auto title loan in High Point, contact a ChoiceCash title loan representative at 855-422-7402.1

What is the Highest Title Loan Amount You Can Get in High Point?

Title loan amounts can vary depending on your circumstances. As mentioned earlier, car equity is one of the biggest determinants of what an auto title loan amount may be. When you inquire about this loan option in High Point, lenders will appraise the value of your vehicle using several factors. They look at the following:

  • Make, Model, and Style of Your Car
  • Car Mileage on the Odometer
  • Year the Car Was Manufactured
  • Overall Condition of the Vehicle
  • Modifications
  • Any Upgrades ( Heated Seats, Leather Seats, GPS, etc.)

Qualified borrowers can potentially access up to 50% of their car’s equity through a title loan!1

Is It Better to Get a Title Pawn or a Title Loan in High Point?

Title pawns are an alternative loan option that can be available to you as a resident of North Carolina. With a title pawn, your car is used as collateral for the loan. Title pawns are short-term loans that typically require repayment between 30 and 90 days after the loan has been issued.

Most borrowers do not have enough time to repay the loan and return to financial stability within that period. For this financial agreement, you may need to surrender your vehicle during repayment, but it varies from lender to lender.

Depending on your circumstances, title loans may be a better option. As long as you make your payments on time each month, you will not lose access to your vehicle. Lenders can repossess your car if you default on either loan option.

Title loans can be an excellent resource for people who require cash quickly, but have poor credit scores. If you think a title loan is the right fit for your financial situation, you can find out if you qualify for the money you need in no time!1

Do I Need to be Employed to Qualify for a Title Loan in High Point?

You don’t need to be traditionally employed to qualify for a title loan in High Point. As mentioned earlier, many forms of alternative income may be accepted as proof of income during your inquiry.1

As an adult, having a steady source of income to rely on is crucial. The average cost of rent in High Point, is about $1,200 a month, which is comparatively low to the U.S. average of $2,000.

However, if you want to make a living wage in High Point, you need to make about $16.12 an hour as an adult with no children. That number varies if you have a family or a multi-income household.

Some people, especially those with families, may struggle financially because they don’t have a high salary. The minimum wage in North Carolina is $7.25. If you work a 40 hour week and earn minimum wage, it may be difficult for you to cover your living expenses.

If you’re struggling to pay your bills due to your financial situation, inquiring about a ChoiceCash title loan serviced by LoanMart could be helpful.1 Inquire about emergency cash online today!

Apply for Quick Title Loans in High Point

Financial emergencies can happen at any time. Car title loans can be an effective way to handle emergency cash situations when you are not prepared.

Check out these simple and convenient steps to apply for a car title loan online:

  1. Fill Out the Pre-Approval Form or Call 855-422-7402 to Speak with a Title Loan Agent
  2. Submit the Required Documents Via Email or Fax
  3. Await Approval and Collect Your Funding

There are many ways in which extra money can be useful. Start your ChoiceCash title loan inquiry today by filling out the pre-qualification form or calling 855-422-7402 to speak with a title loan representative.1


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:

Addresses shown display closest MoneyGram locations. Map displays all MoneyGram locations in general vicinity.

    Locations near High Point, North Carolina

    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, or see the city list below to see where your MoneyGram locations near High Point:

    Featured Locations near High Point, North Carolina

    Nearby States by North Carolina That offer a ChoiceCash Title Loan